KUALA LUMPUR: Muda Holdings Bhd’s subsidiary, Intrapac (Singapore) Pte Ltd, has agreed to sell its remaining shares in KL Resources Pte Ltd for S$6.71 million. This move will allow Muda Holdings to secure a good return on its investment and raise funds for working capital.
Muda Holdings expects to gain approximately RM1.91 million from the sale. The transaction is set to be completed within 30 days from the date of the agreement.
The sale will not significantly impact the group’s net assets and gearing for the current financial year ending Dec 31, 2023. – Bernama
Credit: The Star : Business Feed
