Connectcountry sells stake in Rapid Power for RM1.4mil


?The proposed project, if materialised, could provide Tan Chong Motor with opportunity to expand its foothold in the automotive industry in Vietnam,? the company said in a filing with Bursa Malaysia last Friday

PETALING JAYA: Connectcountry Holdings Bhd has disposed of its 31% stake in Shenzhen Rapid Power Co Ltd (Rapid Power) for a total disposal consideration of 2.33 million yuan (RM1.4mil).

In its filings with Bursa Malaysia, Connectcountry, an integrated provider of interconnect solutions with highly automated manufacturing facilities in China, said the company is expected to make a gain of RM891,900 from the exercise.

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