SHAH ALAM: Integrated logistics solutions provider Trans-Asia Shipping Corporation Bhd (TASCO) has acquired the remaining 67.5% stake in its associate company Precious Fortune Sdn Bhd for RM5.74 million cash. In a statement on Feb 19, Tasco said it had acquired the stake from its global alliance partner Nippon Yusen Kabushiki Kaisha. Precious Fortune has a warehouse and office buildings (Port Klang Logistics Centre) on a 2.99ha leasehold land in North Klang Straits Industrial Estate in Port Klang. Tasco currently rents the logistics centre. Read more>
(The Edge 20-2-2008)
