PETALING JAYA: Hong Seng Consolidated Bhd’s healthcare arm HS Bio Sdn Bhd has entered into a shares sale agreement (SSA)with the shareholders of Premiumway Development Sdn Bhd (PDSB) to undertake a proposed acquisition of a 100% equity interest for RM1.09mil.

       The company said in a statement pursuant to the SSA, HS Bio intends to acquire the properties owned by PDSB to allow HS Bio to grow and expand its healthcare operations in particularly its lab coverage and capacity to help the nation fight against Covid-19.

       PDSB is the registered proprietor and beneficial owner of two units of industrial properties in Petaling Jaya.