Propel to dispose of 55% stake in PCSB for RM9.07mil

Propel Global group chief executive officer Angeline Lee

KUALA LUMPUR: Propel Global Bhd has proposed to dispose of its 55% equity interest in Propel Chemicals Sdn Bhd (PCSB) to Hextar Kimia Sdn Bhd (HKSB) for RM9.07mil cash.

In addition, Rancak Nikmat Sdn Bhd and Wiramas Baiduri Sdn Bhd will also dispose of their collective 45% stake in PCSB to HKSB for RM7.42mil.