Hap Seng to dispose of entire stake in HS Credit (Manchester) for RM837.34mil

KUALA LUMPUR: Hap Seng Consolidated Bhd has entered into an agreement with Lei Shing Hong Capital Limited (LSHCL) to dispose of its entire stake of 50 million shares in HS Credit (Manchester) Ltd (HCML) for £152.96 million (RM837.34 million).

In a filing with Bursa Malaysia, Hap Seng said its indirect wholly-owned subsidiary, HSC Manchester Holding Pte Ltd (HSC Manchester), entered into a shares sales agreement with LSHCL on March 22, 2023.