DRB-Hicom explains disposal of assets worth RM818mil to Pos Malaysia
In a filing with Bursa Malaysia yesterday, DRB-Hicom said it has proposed to dispose of the entire issued and paid-up capital of its wholly owned subsidiary, KL Airport Services Sdn Bhd (KLAS), for RM749.35mil. Besides KLAS, the company has plans to dispose of an indirect wholly owned subsidiary, Hicom Indungan Sdn Bhd, as part of a freehold industrial land situated in Section 28, Shah Alam, Selangor for RM69mil.
PETALING JAYA: DRB-Hicom Bhd has released its circular to shareholders in relation to the proposed disposals of certain assets to Pos Malaysia Bhd for some RM818.35mil.
These disposals were first announced on Dec 10 last year.
In a filing with Bursa Malaysia yesterday, DRB-Hicom said it has proposed to dispose of the entire issued and paid-up capital of its wholly owned subsidiary, KL Airport Services Sdn Bhd (KLAS), for RM749.35mil.
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