Green Packet Bhd said it is disposing of its 15% stake in CSH Solutions Sdn Bhd for RM3.5 million to Lai Kwok Ching, as part of its portfolio consolidation exercise.
Green Packet bought the stake in October 2022 for RM8 million. The audited net assets of CSH Solutions stood at RM2.56 million at end-June 2023, which will result in a gain of RM944,900 following the disposal announced on Wednesday.
TheEdge24 Jan, 2024 21:00pm - 2 months