KUALA LUMPUR: Goodway Integrated Industries Bhd is selling its loss making tyre retreading business for a total of RM19.65mil.
Under the deal, Goodway will sell its 100% stake in Big Wheel Green Tyres Sdn Bhd (BWGT) to CK Rubber Industries Sdn Bhd to be satisfied via a combination of RM2.68mil cash and assumption of liabilities amounting to RM16.97mil.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!
