Hong Seng to dispose hire purchase unit for RM34.5mil

KUALA LUMPUR (Bernama) -- Hong Seng Consolidated Bhd has entered into a share sale agreement with Robust Potential Sdn Bhd for the disposal of 100 per cent equity interest in Hong Seng Priority Management Sdn Bhd (HSPM) for RM34.5 million.

Hong Seng said the sale of two million ordinary shares of its hire purchase business will result in an estimated gain of about RM31.20 million.