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SIAEC to acquire 49% stake in Malaysian firm PAES for RM10m

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Published Thu, Feb 13, 2020 · 09:50 PM

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SIA Engineering Company (SIAEC) is acquiring a 49 per cent stake in Pos Aviation Engineering Services (PAES) for RM10.1 million (S$3.4 million) from Pos Aviation, SIAEC said on Thursday.

Pos Aviation, which is a wholly-owned subsidiary of Malaysian postal service provider Pos Malaysia Berhad, will retain the remaining 51 per cent stake in PAES.

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