K-One to sell entire GAP stake to ITOCHU for RM94mil


PETALING JAYA: K-One Technology Bhd is proposing to dispose of its entire stake in G-AsiaPacific Sdn Bhd (GAP) to ITOCHU Singapore Pte Ltd and ITOCHU Corp for RM94mil.

In a filing with Bursa Malaysia, K-One said GAP is an information and communication technology solutions company principally involved as a provider and/ or reseller of advanced cloud technology, infrastructure as a service, platform as a service, professional services capable of supporting the entire cloud services lifecycle, software development and consultancy relating to cloud computing.

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