PETALING JAYA: Hap Seng Consolidated Bhd has proposed two corporate exercises involving the disposal of the company’s commercial-vehicle business for RM750mil and the acquisition of Malaysian Mosaics Sdn Bhd (MMSB) for RM380mil.
The company has proposed to sell a 51% stake in Hap Seng Commercial Vehicle Sdn Bhd (HSCV) to Lei Shing Hong Commercial Vehicles Ltd (LSHCV) for RM382.5mil cash, or RM3 per share.
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