Songmart is an operator of mini markets, convenience stores and supermarkets in Malaysia. It currently has 12 of such outlets across Malaysia.
Catalist-listed Mercurius Capital announced that it will be diversifying into the grocery business in Malaysia with its acquisition of Songmart Holdings for $36 million.
Mercurius is an investment holding compant that operates through three segments: Original design manufacturing (ODM) business; Bedding and bed linen retail business, and sourcing and procurement (S&P) business.
