PETALING JAYA: SCGM Bhd
is proposing to acquire Eramas Global Group Sdn Bhd as part of its overall regularisation plan to regularise its condition as a cash company.
In a filing with Bursa Malaysia, SCGM said it had entered into a heads of agreement to acquire Eramas from Chin Kok Tian, Yan Hua Lan, Tan Ah Tek, Gan Chuan Lee, Tey Chee Shin, Tan Tai Chong and Lau Sie Khian at a price to be determined later.
Eramas is involved in the sale and distribution of coconut related products, palm oil and fat products and dairy products to local and overseas markets, as well as manufacturing of coconut and palm oil related products.
“The proposed acquisition is intended to form part of the company’s overall regularisation plan to regularise its condition as a cash company in accordance with Paragraph 8.03(5) of the Listing Requirements.
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