KUALA LUMPUR (Feb 25): Prestariang Bhd is selling its boutique university which is owned and operated by its unit Prestariang Education Sdn Bhd to Serba Dinamik Group Bhd (SDGB) for RM2.5 million.

The disposal is part of Prestariang’s rationalisation plans to improve cash flow and working capital, while resetting the business to return to profitability.

In a joint statement here, the companies said a conditional share sale agreement was sealed today for SDGB to acquire University Malaysia of Computer Science and Engineering (UNIMY) owned by Prestariang Education.