NPC Resources to dispose of indirectly-owned loss-making subsidiary for RM29mil

PETALING JAYA: NPC Resources Bhd is disposing of its indirectly-owned wholly-owned subsidiary, PT Enggang Alam Sawita (EAS), to PT Bayan Resources Tbk and PT Bayan Energy for RM29.33mil.

In a filing with Bursa Malaysia, NPC said EAS has been a loss making company for the past three financial years.