PETALING JAYA: Reliance Pacific Bhd told Bursa Malaysia that several subsidiaries of the travel division that it proposed to dispose of to Alpha Vantage Sdn Bhd for RM52.23mil were all making losses for the first half year ended Sept 30, 2010.
Alpha Vantage is a company in which Reliance chairman Datuk Gan Eng Kwong and chief executive officer Datin Irene Tan are shareholders.
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