MISC Bhd (3816)has bought the remaining 51 per cent equity in MISC Agencies (Thailand) Co Ltd for 9.55 million baht (RM940,885), as part of the group's rationalisation of its agency network and strengthening of its agency presence in Asia.
The deal, via subsidiaries MISC Agencies Sdn Bhd (MISA), MISC Agencies (Singapore) Pte Ltd and MISC Agencies (Australia) Pty Ltd, was made with Saha Decha Ltd (SDL) and Business Guardian Co Ltd (BG).
Prior to the acquisition, MISA, SDL and BG held 49 per cent, 40 per cent and 11 per cent stake in MISC Agencies respectively.
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