LTKM signs agreements to dispose of six subsidiaries for RM158.8mil

KUALA LUMPUR: Chicken egg producer LTKM Bhd has entered into sale and purchase agreements to dispose of its entire equity interest in six subsidiaries to Ladang Ternakan Kelang Sdn Bhd (LTKSB) for RM158.83 million.

In a filing with Bursa Malaysia, the company said the agreements inked today involved the sale of LTK (Melaka) Sdn Bhd for RM100 million, LTK Omega Plus Sdn Bhd for RM13.73 million, LTK Feeds Sdn Bhd for RM4.1 million, LTK Properties Sdn Bhd for RM16.1 million, LTK Development Sdn Bhd for RM19.1 million, and Lumi Jaya Sdn Bhd for RM5.5 million.