MMAG, CSH in share sale agreement

PETALING JAYA: MMAG Holding Bhd has entered into a share sale agreement with CSH Alliance Bhd for the acquisition of 5.4 million ordinary shares in Line Clear Express & Logistics Sdn Bhd (LCEL) for RM8.25mil cash.

The agreement represents 5.34% of the equity interest in LCEL and was entered via MMAG’s wholly owned subsidiary, Line Clear Ventures Holdings Sdn Bhd (LCVH), on Oct 4, 2023.

LCEL is engaged in the courier and logistic businesses.