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