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SMPC Corporation Berhad Announces Proposed Acquisition Of Kembang Kartika Sdn. Bhd.
SMPC Corporation Bhd. (SMPC) announced that on December 11, 2012, the Company has entered into Share Sales Agreements with Rajandran a/l Visvaligam and Lim Kean Wah (collectively known as the Vendors) for the proposed acquisition of 5,001 ordinary shares of MYR1.00 each, representing 50.01% of the share capital of Kembang Kartika Sdn. Bhd. for a total consideration of MYR5,001,000.00, resulting in Kembang Kartika Sdn. Bhd. being a subsidiary of the Company.
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