LTC Group acquires 50% in USP Equity for $18m

LTC Group acquires 50% in USP Equity for $18m

LTC Group is a steel trading and property development company looking to diversify.

Singapore-listed LTC Corporation said that its wholly owned unit, LTC Capital Holdings Sdn Bhd, entered into a share purchase agreement on Friday with USP Resources Sdn Bhd to acquire a 50 per cent stake in USP Equity Sdn Bhd for MYR70.14 million ($18.17 million).

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