In its filings, the diversified company said the group and its subsidiaries, Oriental International (Mauritius) Pte Ltd and Teck See Plastic Sdn Bhd, had disposed of their entire respective investments in OIW to Jiangsu Xinghuida Technology Co Ltd for an aggregate cash consideration of 116.3 million yuan (RM70.5mil).
PETALING JAYA: Oriental Holdings Bhd
(OHB) is expected to net a gain of RM27mil from the proposed disposal of its entire stake in dormant company Oriental Industries (Wuxi) Co Ltd (OIW) in China.
In its filings, the diversified company said the group and its subsidiaries, Oriental International (Mauritius) Pte Ltd and Teck See Plastic Sdn Bhd, had disposed of their entire respective investments in OIW to Jiangsu Xinghuida Technology Co Ltd for an aggregate cash consideration of 116.3 million yuan (RM70.5mil).
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