SUIWAH Corp Bhd has proposed buying the remaining equity in 51%-owned subsidiary Qdos Holdings Sdn Bhd and the floor of a shopping centre in Penang in two deals totalling RM35.4mil in value to boost future earnings.
Suiwah Corp said it would issue 10.1 million new shares at RM1.86 each to buy the remaining 49% stake in Qdos Holdings. The total purchase price of RM18.8mil for the Qdos stake represents 49% of Qdos' audited net tangible assets (NTA) as at Oct 31, 2002.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
