PETALING JAYA: Hong Seng Consolidated Bhd has entered into a heads of agreement (HoA) to buy a 51% stake in Pow Pocket Sdn Bhd for RM200mil.
The group, formerly known as MSCM Holdings Bhd, told Bursa Malaysia its wholly owned subsidiary HS Bio Sdn Bhd had entered into a HoA yesterday with Pow Pocket managing director Russell Walter Boyd regarding Pow Pocket, a financial services and health technologies-related company.
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