Kuala Lumpur: Shin Yang
Shipping Corporation has spent MYR682,500 ($217,000) to purchase 39% stake in
forwarding and shipping agency Melinau Shipping.
The deal was inked on Monday
between Kuala Lumpur-listed Shin Yang and Ling Chiong Sing, who owns the 39%
stake in Melinau.
“As part of the group's
strategy to expand its shipping business to both domestic and coastal and
Southeast Asia regions, the proposed acquisition would widen the network
coverage and increase the presence of the group, as well as enhances timely and
reliable services to the group's shipping operations,” Shin Yang said.
Source : STA, 11.01.12.
Tidak ada komentar:
Posting Komentar