LNG Resources allocates RM50mil for M&A plan

GEORGE TOWN: High-precision engineering group LNG Resources Bhd is allocating RM50mil for a merger and acquisition (M&A) exercise this year to expand its presence in the aerospace industry.

Group managing director Jackie Yong Chan Cheah told StarBiz that the group is now in discussions with three companies involved in the manufacturing of parts and components for the aerospace sector.