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Hap Seng eyes lower gearing after stake disposal


KUALA LUMPUR: Hap Seng Consolidated Bhd expects to reduce its gearing ratio gradually to 0.32 times from the current 0.78 times after the disposal of a 20% interest in Hap Seng Credit Sdn Bhd and the entire stake in HSC Sydney Holding Ltd.  

Chairman Datuk Jorgen Bornhoft said the disposals would result in substantial gains for the group and unlock its shareholders’ value.  

Corporate News , Hap Seng

   

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