PETALING JAYA: ARB Bhd has proposed to dispose of its remaining 51% stake in timber company Aturmaju (Sabah) Holding Sdn Bhd (AHSB) for a cash consideration of RM5.6mil.
The company, which is primarily an IT software and platform provider, said it had entered into a conditional share sale agreement with AY Brothers Sdn Bhd for the exercise, which is part of the group’s strategic plan to transform ARB’s business position from the timber sector to the information technology (IT) sector.
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