Friday, 5 July 2013

Ho Hup is expected to book a gain of RM8.6m from the sale of SSHH

Ho Hup Construction Co Bhd is expected to book a gain of RM8.6m after costs from the sale of a 45% stake in Shanghai San Ho Hup Pile Co LTd (SSHH). Ho Hup said it has entered into a sale and purchase agreement with Shanghai Dongyuan Investment Management Co Ltd to dispose of shares held in SSHH for 39.2m yuan (RM20.12m) cash. (Financial Daily)


Source: CIMB Daybreak - 05 July 2013

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