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PETALING JAYA: Propel Global Bhd (PGB) is acquiring information and communications technology firm, E-Maintenance Sdn Bhd, for RM20mil.
In a filing with Bursa Malaysia, PGB said it had entered into a conditional share sale agreement with E-Maintenance’s directors and shareholders, Haw Tek Seng and Kok Tzyy Ching, for the proposed acquisition.
“The acquisition presents an opportunity for PGB to invest in a stable and profitable business with steady cash flow and long term prospects. It provides the PGB Group with an additional stream of income and allows it to expand its earnings base,” said PGB
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