GOLDIS TO DISPOSE ENTIRE EQUITY INTEREST IN MACRO KIOSK

12 Jul 2013 11:19

KUALA LUMPUR, July 8 (Bernama) -- Goldis Bhd is proposing to dispose its entire equity interest, representing a 70 per cent stake in Macro Kiosk Bhd (MKB), to three individual purchasers for RM22.4 million.

The proposed disposal is a management buyout involving the management team of MKB, the company said in a filing to Bursa Malaysia today.

"In line with Goldis' nature of business as a private equity investment company, the proposed disposal provides a timely opportunity for Goldis to realise and unlock the value of its investment in MKB Group," the company said.

Baring any unforeseen circumstances, the proposed disposal is expected to be completed within this quarter.

-- BERNAMA

AMY AMY VMD