OSK unit acquires manufacturing facilities in JB for RM85mil

Quick Summary:

KUALA LUMPUR: OSK Holdings Bhd's indirect 97.47%-owned subsidiary, Olympic Cable Company Sdn Bhd, has proposed to acquire property and assets in Johor Bahru from Universal Cable (M) Bhd for RM85mil.

OSK said the purchase consideration will be satisfied entirely in cash through internally generated funds.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Manufacturing /Business/Business News Corporate News OSK Acquisition

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-06 @ 17:37:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 272 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © The Star

News ID: 22389965

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