Realtor Mighty Alliance Acquires 29.51 Pct In Scanwolf For RM32.35 Mln

KUALA LUMPUR, Jan 20 (Bernama) -- Real estate company Mighty Alliance Sdn Bhd (MASB) has acquired a 29.51 per cent equity interest in Scanwolf Corporation Bhd from four buyers for RM32.35 million cash.

MASB purchased a total of 59.912 million ordinary shares in Scanwolf from Esfinity Sdn Bhd, Seah Ley Hong, Armani Synergy Sdn Bhd and PEG Capital Sdn Bhd, Scanwolf said in a filing with Bursa Malaysia today.

“Simultaneous with the acquisitions, the offeror also acquired 9,896,800 Scanwolf shares via a direct business transaction from Lim Nyuk Sang @ Freddy Lim.

“The transaction represents approximately 4.87 per cent equity interest in Scanwolf for RM5.34 million cash, or 54 sen per Scanwolf share,” it added.

Scanwolf is involved in the manufacture of plastics extrusion products, vinyl tiles and property development. 

-- BERNAMA