Malton scales back acquisition of Austin Heights
KUALA LUMPUR: Malton Bhd has scaled back its proposed acquisition of Austin Heights Sdn Bhd from the initial 100% stake costing RM103 million to only 20% for RM20.6 million cash.Malton said on Tuesday, Sept 29 it had entered into a supplemental agreement with Southcon Builders Sdn Bhd for the acquisition of one million shares in Austin Heights for RM20.6 million.