Stream Group, a company known for its advanced waste collection systems, has gained recognition in Singapore and the Middle East, where it generates most of its income. On 13th December, engineering services provider AWC Bhd received shareholder approval to acquire the remaining 49% stake in Stream Group from Premium NXL Sdn Bhd (PNSB). AWC proposed this acquisition for RM110 million, along with a 51% stake in Premium Patents Sdn Bhd from PNSB and Premium Deluxe Sdn Bhd for RM1. The acquisition aims to streamline and consolidate the financial performance of the companies, enabling AWC to have full control and implement strategic initiatives for Stream Group's competitiveness and growth.
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