Hisaka Holdings to acquire Malaysian investment firm
Hisaka Holdings said it has entered into a conditional sale and purchase agreement for the proposed acquisition of Regal International Holdings.
The automation systems firm will buy the investment holding company for $127.25 million, with a mix of cash and shares.
Regal International will also acquire 100 per cent of Regal Capital, which is a Malaysian investment holding company.
The firm said in a statement on Dec 20 that the proposed acquisition is an investment opportunity that would be in the best interests of the company.