Chuan Huat sells entire stake in AISB for RM3.2m

Chuan Huat sells entire stake in AISB for RM3.2m

The Edge Markets - Malaysia·2019-09-24 18:28

KUALA LUMPUR (Sept 24): Building material supplier Chuan Huat Resources Bhd has disposed of its entire 6.03% indirect stake in loss-making Amalgamated Industrial Steel Bhd (AISB) to privately held Telaxis Sdn Bhd for RM3.15 million or 38 sen per share.

The disposal will give rise to a gain of RM1.24 million.

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