Thong Guan Industries to sell unit in related party transaction

Quick Summary:

KUALA LUMPUR: Thong Guan Industries Bhd (TGIB) today entered into a conditional share sale agreement with Foremost Equals Sdn Bhd (FESB) to sell its entire 100 per cent stake, consisting of 3,735 ordinary shares in Syarikat Thong Guan Trading Sdn Bhd (STGT), for RM60 million.

MSM Malaysia’s 3Q net loss widens to RM49.

Mega First’s net profit rises to RM116.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaThailand

Topics: Related party transaction /Business/Business News Thong Guan Disposal Corporate News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 21:17:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 244 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23737490

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 3 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 18 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #22

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