Sanichi MD, PNE PCB ED launch takeover of BSL Corp


BSL Corp is a metal stamping company which started out as a supplier of product and services to top Japanese brands involved in electrical and electronics products.

KUALA LUMPUR: Sanichi Technology Bhd managing director Datuk Seri Pang Chow Huat and PNE PCB Bhd executive director Ho Jien Shiung have teamed up to launch a takeover of BSL Corp.

They had acquired a 51.72% stake or 49.98 million shares in BSL Corp for RM57.47mil or RM1.15 a share from Esteem Role Sdn Bhd in the morning session on Wednesday in an off-market deal.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Toyota likely to post first profit drop in two years
Strong financial grasp critical for investors
Licence freeze to have impact on Xin Hwa
Gagasan Nadi in RM185mil acquisition
Proton October sales climb 13.6% to 12,799 units
Obesity pill data signal competition and hit drugmaker shares
Aneka Jaringan wins RM39mil job
TCS bags RM86mil contract
The Philippines to be cautious in policy easing cycle
Ringgit maintains stronger footing at the close

Others Also Read