KUALA LUMPUR, April 27 (Bernama) — Mitsui & Co., Ltd. (‘Mitsui’) of Japan is forming a strategic partnership with ACE-listed LGMS Berhad (“LGMS”) to broaden and deepen LGMS’ footprint throughout the Asia-Pacific region. The partnership is facilitated by Mitsui acquiring a stake from LGMS’ stakeholders.
In an announcement to the stock exchange, LGMS said that Mitsui had acquired an additional 23% stake in LGMS from Executive Chairman Fong Choong Fook and Executive Director Goh Soon Sei to supplement the 2% stake Mitsui held previously.