See Hup to control SH Moment Builder
03 Apr 2018 / 20:53 H.
PETALING JAYA: Transportation and logistics group See Hup Consolidated Bhd is acquiring 51% equity interest in SH Moment Builder Sdn Bhd from two vendors for RM382,500 in a bid to expand its interest in public projects.
Through this acquisition, See Hup will be able to use the G7 licence registered in the name of SH Moment to undertake projects in the public sector.
The group said in a Bursa Malaysia filing that it is acquiring 50% stake from Datuk Teoh Hai Hin and 1% from Teoh Hai Bim, following which SH Moment will become a 51% owned subsidiary of See Hup.
The group’s share price remained unchanged at RM1.30.