KUALA LUMPUR: Hap Seng Consolidated Bhd
(HSCB) has proposed to dispose of its entire equity interest in Richmore Development Sdn Bhd to Gek Poh (Holdings) Sdn Bhd for RM51mil.
In a filing with Bursa Malaysia, the group said Hap Seng Hospitality Sdn Bhd (HS Hospitality) and Hap Seng Land Development Sdn Bhd (HSLD), both indirect wholly-owned subsidiaries of HSCB had entered into a shares sale agreement with Gek Poh for the proposed disposal of 50.5 million ordinary shares, representing 100% stake in Richmore.
