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DRB-HICOM proposes to buy SSKM - Avis Malaysia

DRB-HICOM proposes to buy SSKM

Posted on April

KUALA LUMPUR: DRB-HICOM Bhd, through unit Edaran Otomobil Nasional Bhd, has proposed to buy a 100 per cent stake in Sistem Sewa Kereta Malaysia Sdn Bhd (SSKM) for RM5.5 million. SKKM is 75-per cent owned by Melewar Leisure Sdn Bhd and 25 per cent by Avis Investment Services Ltd. The acquisition is expected to be completed by June, DRB-HICOM said in a filing to Bursa Malaysia yesterday.

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