Shin Yang’s controlling Ling family injects East Malaysia car dealership business into group for RM144.5 mil

KUALA LUMPUR (July 11): The Ling family behind shipping company Shin Yang Group Bhd (KL:SYGROUP) is injecting part of their Toyota and Lexus car dealership business in East Malaysia into Shin Yang for RM144.5 million, in a cash and share deal.

In a bourse filing, Shin Yang said it had signed two separate conditional share sale agreements to buy Boulevard Jaya Sdn Bhd — an authorised dealer…