The proceeds from the proposed disposals and the repayment of loans from the disposal companies to the TSH Group is expected to generate cash of about RM517.62mil to the TSH Group.
KUALA LUMPUR: TSH Resources Bhd
plans to pare down its borrowings and put the company on a much stronger financial footing from the sale of its two plantation subsidiaries to Taiko Plantations Pte. Ltd. (TPPL), an indirect unit of Kuala Lumpur Kepong Bhd (KLK).
TSH said on Wednesday it expects to generate cash of RM517.62mil from the sale of its 90% stakes in PT Farinda Bersaudara (FB) and PT Teguh Swakarsa Sejahtera (TSS).
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