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Ajiya Bhd Announces Disposal Of ABM Industries Sdn. Bhd

Thursday, 14 Nov 2013 04:26am EST 

Ajiya Bhd announced that on November 14, 2013 it entered into Shares Agreement (SA) with Tan Lai Huan and Tee Chin Kok of Lot 890, Jalan Subang 9, Taman Industrial Sungai Penaga, 47620 Subang Jaya, Selangor to dispose of 450,000 ordinary shares of MYR1.00 each of ABM Industries Sdn. Bhd. for a consideration sum of MYR1,755,908-66 only and to be satisfied entirely in cash. Thus, ABM is no longer a subsidiary within AJIYA Group of Companies. ABM was incorporated on May 04, 1978 in Malaysia as a private limited company under the Companies Act, 1965. The principal activities of ABM is investment holding. Barring any unforeseen circumstances, the disposal is expected to be completed by within three months from the date of the Agreement. 

Company Quote

26 Dec 2014