DKSH Holdings sells performance materials unit

In a filing with Bursa Malaysia, DKSH Holdings said the deal was inked on Dec 23, 2021 and the proposed sale of DPMM is expected to be completed on or before Jan 31, 2022.All proceeds from the proposed sale will be used to repay loans from financial institutions.

PETALING JAYA: DKSH Holdings (M) Bhd is selling its wholly-owned subsidiary DKSH Performance Materials Malaysia Sdn Bhd (DPMM) for RM18.86mil cash to DKSH Switzerland Ltd.

In a filing with Bursa Malaysia, DKSH Holdings said the deal was inked on Dec 23, 2021 and the proposed sale of DPMM is expected to be completed on or before Jan 31, 2022.All proceeds from the proposed sale will be used to repay loans from financial institutions.

DPMM provides services to performance materials clients, and the company is engaged in the provisioning of market expansion services, which range from marketing to providing sales force, distribution and logistics, invoicing and credit control, handling of inventory and returned goods and other value added services.