An automated embroidery machine at the PCCS plant in Batu Pahat. - File pic
PETALING JAYA: The major shareholders of PCCS Group Bhd
, via CCSB Sdn Bhd, are buying out non-earnings accretive wholly-owned subsidiary Mega Label (M) Sdn Bhd (MLMSB) and Mega Label (Penang) Sdn Bhd for RM8.5mil.
This disposal will result in a one-off gain of RM6.26mil and also see PCCS’ cash level increasing by RM38mil, the textile firm said in a statement.
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