Wednesday, September 14, 2011

Glomac Thai subsidiary sells stake for RM30.9m

KUALA LUMPUR: GLOMAC BHD []'s Thai subsidiary is disposing of its stake in Thai company WHA Glomac Alliance Company Lltd for baht 289.91 million (RM30.92 million)

Glomac said on Wednesday, Sept 14, Glomac Thailand Sdn Bhd had agreed to sell its 49% stake in WHA Glomac Alliance to WHA Corporation Co. Ltd.

'The proposed disposal is expected to be completed by end of September 2011,' it said.

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