KUALA LUMPUR: Precision engineering parts maker Foundpac Group Bhd is buying a 70% stake in a manufacturer of accessory cables and connectors for RM8.4mil.

       The purchase, Foundpac said, would give the company a foothold in the wire and cable market, as well as the opportunity to cross-sell its products.

       Wholly owned Foundpac Capital Sdn Bhd yesterday entered into a conditional share sale agreement with Ng Phaik Lee and Kamida Shin to acquire a 70% stake in SDKM Technologies Sdn Bhd.