Komarkcorp to sell Thai subsidiary for RM9.1mil
In a filing with Bursa Malaysia yesterday, Komarkcorp said upon completion of the SSA, Komark Thailand will cease to be a subsidiary of GLLM and indirect subsidiary of Komarkcorp.足球博彩公司（www.hg108.vip）是一个开放皇冠即时比分、代理最新登录线路、会员最新登录线路、皇冠代理APP下载、皇冠会员APP下载、皇冠线路APP下载、皇冠电脑版下载、皇冠手机版下载的皇冠新现金网平台。足球博彩公司上登录线路最新、新2皇冠网址更新最快,足球博彩公司开放皇冠会员注册、皇冠代理开户等业务。
PETALING JAYA: Komarkcorp Bhd’s wholly owned subsidiary, General Labels & Labelling (M) Sdn Bhd (GLLM), has entered into a share sale agreement (SSA) with D’Nonce Technology Bhd for the disposal of 99.9991% of the issued share capital in Komark (Thailand) Co Ltd for RM9.1mil.
In a filing with Bursa Malaysia yesterday, Komarkcorp said upon completion of the SSA, Komark Thailand will cease to be a subsidiary of GLLM and indirect subsidiary of Komarkcorp.
Komark Thailand is principally involved in the manufacturing and selling of self-adhesive labels according to specifications and designs instructed by its customers.,
Komarkcorp said the purchase consideration of RM9.1mil will be fully satisfied by the allotment and issuance of 58.7 million new D’Nonce ordinary shares at the issue price of RM0.155 for each new D’Nonce shares.
The proposed disposal is for the purpose of streamlining operations to concentrate on local operations (Klang Valley and Johor).