Companies that provide short-term consumer loans at high interest rates are on the increase in countries like Indonesia and the Philippines as many people struggle to get advances through traditional channels such as banks.
KUALA LUMPUR: Nova MSC Bhd
is disposing a 51% stake in loss-making wholly-owned subsidiary, PrimusTech Pte Ltd, to JAG Ltd of Japan for RM8.9mil.
In a filing with Bursa Malaysia, Nova MSC said it inked an agreement today to sell 31,875 shares in Singapore-based PrimusTech to JAG.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
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!
