KUB unit sells 70% stake in KUB Sepadu for RM103.37mil

KUALA LUMPUR: KUB Agro Holdings Sdn Bhd (KUBAH), an indirect wholly-owned subsidiary of KUB Malaysia Bhd (KUB), has entered into a share purchase agreement (SPA) with Sinong Enterprise Sdn Bhd (SESB) for the disposal of 70 per cent of KUBAH’s equity interest in KUB Sepadu Sdn Bhd (KUBS) for RM103.37 million.

KUB said in a stock exchange filing that the proposed disposal consists of 4.55 million ordinary shares and is expected to be completed by the second quarter of 2025.