BERNAMA.com - Gadang acquires rest of 49 pct stake in Datapuri for RM2.5 Mln
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Gadang acquires rest of 49 pct stake in Datapuri for RM2.5 Mln

Last update: 16/04/2018
 
KUALA LUMPUR, April 16 (Bernama) -- Gadang Holdings Bhd has acquired the remaining 49 per cent stake in Datapuri Sdn Bhd for RM2.5 million.

In a filing to Bursa Malaysia today, Gadang said, it acquired the 980,000 shares from Exclusive Acres Sdn Bhd.

"Pursuant to the acquisition, Datapuri has become a wholly-owned subsidiary," it said.

Gadang said the acquisition was in line with the group's strategy to grow its mechanical and electrical engineering businesses and allow it to have full control of the business development of Datapuri.

-- BERNAMA

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