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.
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