Prestariang sells education unit to Serba Dinamik

Prestariang president and group CEO Dr Abu Hasan Ismail says the disposal is part of the company's rationalisation plans to improve cash flow and working capital

KUALA LUMPUR (Bernama) Prestariang Bhd is selling its boutique university which is owned and operated by its unit, Prestariang Education Sdn Bhd, to Serba Dinamik Group Bhd (SDGB) for RM2.5mil.

The disposal is part of Prestariang’s rationalisation plans to improve cash flow and working capital, while resetting the business to return to profitability.