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Flash Note – Gabungan AQRS (ADD, maintain) - Acquiring 49% stake in a IBS business for RM3.5m




Affin Hwang Investment Bank Bhd


06 Mar 2013





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SPA with Sabah Economic Development Corporation Gabungan AQRS announced that its wholly-owned subsidiary, Sinajasa has entered into a Sale and Purchase Agreement (SPA) with Sabah Economic Development Corporation (“SEDCO”) for the acquisition of a 49% stake in Associated Concrete Products (Sabah) Sdn Bhd (“ACPS”) for a total cash consideration of RM3.5m. The principal business of ACPS is manufacturing and supply of precast concrete products.

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