Malaysia: Straits Logistics to buy Tumpuan Megah; Tiong Nam buys Johor land

In deal updates from Malaysia, Straits Inter Logistics Bhd is planning to acquire 55 per cent stake in Tumpuan Megah for RM35.75 million ($9 million) while Tiong Nam Logistics Holdings Bhd is looking to purchase a freehold land in Johor for RM40.22 million ($10.12 million).

Straits Inter Logistics proposes to buy Tumpuan Megah

Oil trading and bunkering service provider Straits Inter Logistics Bhd is planning to acquire 55 per cent stake in Tumpuan Megah Sdn Bhd for RM35.75 million ($9 million), according to a media release.

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