PETALING JAYA: Hap Seng Consolidated Bhd (HSCB) has proposed a corporate exercise that entails the disposal of its credit division in Singapore and the acquisition of a building under construction in Kota Kinabalu.
In its filing with Bursa Malaysia yesterday, HSCB has proposed the sale of Hap Seng Capital Pte Ltd (HSC) to Lei Shing Hong Ltd (LSH) for cash of S$240mil (RM640.8mil).
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!