Europlus to buy stake in Talam

KUALA LUMPUR: Kumpulan Europlus Bhd (KEb) has yesterday entered into a memorandum of understanding (MoU) with Tan Sri Chan Ah Chye @ Chan Chong Yoon whereby the later plans to purchase 840,000,000 ordinary shares in Talam Transform Bhd from KEB. KEB is the registered holder and beneficial owner at a purchase consideration of RM11 sen a share. The MoU shall be valid for four weeks from the date of the MoU or the execution of a sale and purchase agreement of the sale shares, whichever is earlier.

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