Komarkcorp to sell Komark (Thailand) for RM9.1mil

KUALA LUMPUR: Komarkcorp Bhd’s wholly owned subsidiary General Labels & Labelling (M) Sdn Bhd (GLLM) has entered into a share sale agreement (SSA) with D’Nonce Technology Bhd for the disposal of 99.9991% of the issued share capital in Komark (Thailand) Co Ltd for RM9.1mil.

In a filing with Bursa Malaysia, Komarkcorp said upon completion of the SSA, Komark Thailand will cease to be a subsidiary of GLLM and indirect subsidiary of Komarkcorp.