SAAG Consolidated (M) Berhad Announces Proposed Disposal Of Interest In Pacific Well Holdings Limited Group of Companies

SAAG Consolidated (M) Berhad announced that it has entered into a Share Sale Agreement (SSA) with Petunia Venture Corp (Purchaser) and Jayasudhir a/l Jayaram (Guarantor) to dispose off its entire 5,100 ordinary shares held in the capital Pacific Well Holdings Limited (Pacific Well) representing 51% of its equity interest in Pacific Well to the Purchaser for a total cash consideration of MYR 1,500,000.00 (Purchase Price). The disposal of Pacific Well also includes Pacific Well Group of Companies (Proposed Disposal).