Texchem Resources completes 28% equity disposal in Sushi Kin for RM102.2mil

KUALA LUMPUR: Texchem Resources Bhd has completed its disposal of 28% equity in Sushi Kin Sdn Bhd for RM102.2mil, recognising a gain of RM97.6mil from its original RM4.6mil investment for 28%  of the shares bought in December 2003.

At the group level, Texchem said there was a surplus of RM91.4mil between sale consideration and 28% of Sushi Kin’s net assets of RM10.8mil as at Dec 31, 2014.