KPS CON­SOR­TIUM SELLS PLY­WOOD PROD­UCTS TRADER

The Sun (Malaysia) - - SUNBIZ -

PETALING JAYA: KPS Con­sor­tium Bhd’s wholly-owned sub­sidiary KPS Ply­wood Sdn Bhd has dis­posed of its en­tire 60% stake in dor­mant ply­wood and re­lated prod­ucts trader Vec­tor Mar­ket­ing Sdn Bhd to Chooi Weng Leong for RM40,000 cash. The sale con­sid­er­a­tion was ar­rived at on a “will­ing buyer-will­ing seller” ba­sis tak­ing into con­sid­er­a­tion the au­dited net as­sets of Vec­tor Mar­ket­ing to­talling RM66,941 as at Dec 31, 2015. Vec­tor Mar­ket­ing has been dor­mant since the fi­nan­cial year ended Dec 31, 2015.

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