PETALING JAYA: Texchem Resources Bhd
(TRB) is disposing of its 34% stake in Sea Master Food Sdn Bhd (SMF) to Yamae Global Co Ltd for RM14.94mil.
In a filing with Bursa Malaysia, the dyestuffs, textile auxiliaries and chemicals trader said SMF would derive potential synergistic benefits via tapping into the technical know-how and expertise of Yamae Group.
“With Yamae Group’s collaboration, SMF is expected to further improve on its operational efficiencies and expand its business opportunities, be it locally or overseas. The proposed disposal is expected to be completed by the fourth quarter of 2025.”
TRB said the disposal will improve the consolidated net assets per share and gearing of the group for the financial year ending Dec 31, 2025.
