Group managing director Datuk Seri Teoh Hai Hin (pic) said the proceeds will mainly be used for working capital purposes for the group’s healthcare and glove businesses which are more sustainable.
KUALA LUMPUR: Hong Seng Consolidated Bhd
has entered into a share sale agreement with Robust Potential Sdn Bhd for the disposal of 100% equity interest in Hong Seng Priority Management Sdn Bhd (HSPM) for RM34.5mil.
Hong Seng said the sale of two million ordinary shares of its hire purchase business will result in an estimated gain of about RM31.20mil.
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