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Jubilee Industries increases stake in EG Industries to 13.03%

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Jubilee Industries increases stake in EG Industries to 13.03%

Samantha Chiew Published on Mon, Mar 12, 2018 / 8:19 AM GMT+8

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SINGAPORE (Mar 12): Jubilee Industries Holdings is increasing its stake in its Malaysian associate, EG Industries Berhad from 11.72% to 13.03% for a consideration of RM1.95 million ($657,200).

The group acquired about 3.50 million ordinary shares of EG Industries from the open market, increasing its interest to about 34.7 million shares.

EG Industries is listed on Bursa Malaysia and is an electronic manufacturing services and vertical integration provider.