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Solution Engineering Holdings Bhd Announces Acquisition Of Remaining Stake In Solution Biogen SDN Bhd

Friday, 22 Nov 2013 05:04am EST 

Solution Engineering Holdings Berhad (SEHB or the Company) announced that the Company has acquired the remaining equity interest of 22.5%, representing 450,000 ordinary shares of MYR1.00 each fully paid-up in Solution Biogen Sdn Bhd (BIOGEN) from Mr. Pu Meng Jin for a cash consideration of MYR1,200,000 and Mr Kow Chee Kiang for a cash consideration of MYR600,000, arrived at on a willing buyer willing seller basis after taking into consideration the existing and potential orders that the Company had and / or may secured. With the abovesaid acquisitions, BIOGEN is now a wholly-owned subsidiary of SEHB. 

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