BUS operator Park May Bhd, in an effort to reduce its debts, plans to dispose of its 20% stake in Rangkaian Segar Sdn Bhd, the operator of the Touch ‘n Go electronic payment system.
“We have been disposing certain properties in the past and are now in discussions with an information technology-based company listed on the KLSE to dispose of our stake in Rangkaian Segar,” Park May chairman Tun Mohammed Hanif Omar told reporters after the company EGM in Kuala Lumpur yesterday.
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