Handal Energy to acquire 30% stake in Tenzin Heavy Machinery for RM8 million

Handal Energy Bhd agreed to acquire a 30% stake in crane and lifting solutions provider Tenzin Heavy Machinery (M) Sdn Bhd for RM8 million. The acquisition is expected to complete by July 2024.

“The proposed acquisition is a strategic move by Handal, which would offer numerous benefits to the group’s existing business activities including aligned strategic direction, market expansion, operational efficiencies, access to resources, and improved financial performance.”thestar.com.my

• 1 source
• thestar.com.myHandal acquires crane company for RM8mil | The StarThe Star OnlineJun 11, 2024

Summarized from public sources; check the original articles before acting on it.