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SMPC Corporation Berhad Announces Proposed Acquisition Of Kembang Kartika Sdn. Bhd.


Tuesday, 11 Dec 2012 04:31am EST 

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. 

Company Quote

0.805
0.02 +2.55%
4:24am EDT