Malaysian Econframe plans to expand its operations into the business of aluminium glazing, glass products and facade systems by acquiring a 65% equity interest in Lee & Yong Aluminium for MYR 17.2 million. The metal window and door manufacturing company also proposed to fully acquire the factory complex of Lee & Yong from Trans United for MYR 1 million. Econframe entered into the two conditional share sale agreement with Yong Kuen Hwan, 60, the sole director and shareholder of Lee & Yong and Trans United. He is also the current managing director of both companies, according to the group’s bourse filing. Lee & Yong is principally in the business of fabrication and installation of aluminium glazing and glass products and facade works. Trans United is the registered owner of a 3,189 sq metre piece of leasehold industrial land in Kelantan, on which it erected a factory complex owned by Lee & Yong.Maybank Ventures, a wholly-owned subsidiary of Malayan Banking Bhd led by the founders of HouzKEY, was set up to drive social inclusion by addressing challenges around access to homeownership, via collaborations.