Hap Seng to sell entire stake in Richmore for RM51mil

PETALING JAYA: Hap Seng Consolidated Bhd has proposed to dispose of its entire equity stake in Richmore Development Sdn Bhd to Gek Poh (Holdings) Sdn Bhd for RM51mil cash.

In a filing with Bursa Malaysia, the diversified group stated the stake is held by its wholly-owned subsidiaries Hap Seng Hospitality Sdn Bhd and Hap Seng Land Development Sdn Bhd.

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Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

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HapSengConsolidated , GekPohHoldings , RichmoreDevelopment , propertydevelopment , relatedpartytransaction , workingcapital

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