PETALING JAYA: Utusan Melayu (M) Bhd is selling its entire 40% stake in Swan Malaysia Sdn Bhd to Schwan-Stabilo Schwanhauser Finanzholding GMBH for RM31.8mil.
Utusan said in a filing with Bursa Malaysia that the proposed disposal “will enable the group to improve its operating cash flow and strengthen its financial position.”
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