Hong Seng acquires 32.6% stake in Classita Holdings


KUALA LUMPUR: Hong Seng Consolidated Bhd has acquired 402,057,900 ordinary shares in Classita Holdings Bhd, representing a 32.61 per cent equity interest, for RM60.31 million cash.

In a Bursa Malaysia filing today, the glove manufacturer, medical and healthcare-related supply chain management specialist, and financial services provider said that subsequent to the investment, it has become the major shareholder of Classita.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Hong Seng , Classita

Next In Business News

Navigating Sarawak’s condominium market
Policies head in right direction
China underground: Affordable and sustainable homes
Trump travel ban adds to Caribbean woes
Asia rides the dollar dip
Bull charges cautiously
Beauty lovers turn to TikTok and Amazon
EM optimism after stellar year
Philippine stocks set for recovery
Indonesia treads with care

Others Also Read