Acquisition is conditional upon Fuelsubs securing fuel subsidy project


PETALING JAYA: Datasonic Group Bhd will pay RM10mil for a 30% stake in Fuelsubs House Sdn Bhd (FHSB), a company that is bidding for a project to manage fuel subsidies.

The acquisition was conditional upon Fuelsubs securing a letter of award from the Government to implement the project, Datasonic said in a filing with Bursa Malaysia yesterday.

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