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GUH unit to buy 70pc of Teknoserv
by hlk Fri 01 Jul 2011, 22:16
GUH Holdings Bhd's wholly-owned subsidiary,GUH Water Holdings Sdn Bhd, has proposed to acquire 70 per cent of the issued and fully paid up share capital of Teknoserv Engineering Sdn Bhd for RM8.8 million.
In a filing to Bursa Malaysia today, GUH said it had entered into a share sale agreement with Teknoserv to acquire 700,000 ordinary shares of RM1 each.
GUH said the proposed acquisition was part of the company's plan to reduce its heavy reliance on the printed circuits board business, which currently generates about 90 per cent of the group's revenue. - Bernama
In a filing to Bursa Malaysia today, GUH said it had entered into a share sale agreement with Teknoserv to acquire 700,000 ordinary shares of RM1 each.
GUH said the proposed acquisition was part of the company's plan to reduce its heavy reliance on the printed circuits board business, which currently generates about 90 per cent of the group's revenue. - Bernama
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