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The Board of Directors (“Board”) of PRG Holdings Berhad (“PRG” or “the Company”) wishes to announce that Furniweb Holdings Limited (“FHL”), a 50.45%-owned subsidiary of PRG, has on 19 September 2023 entered into a sale and purchase agreement (“SPA” or “Agreement”) with Omen Wealth Limited in respect of the disposal of 50,000 ordinary shares in Meinaide Holdings Group Limited (“Meinaide”), representing the entire issued share capital of Meinaide, for a consideration of HK$15,000,000 (equivalent to approximately RM8,878,500), subject to and upon the terms and conditions stipulated in the SPA (“Proposed Disposal”).
Please refer to the attachment for details of the Propsoed Disposal.
