Company to dispose of existing poultry business for RM158.83 million, with proceeds to be distributed to shareholders as special dividend and capital repayment
Chicken egg producer, LTKM Bhd has proposed to divest its entire existing non-profitable businesses to its holding company and venture into electronic manufacturing services (EMS) by acquiring Local Assembly Sdn Bhd (LASB) in a reverse take over (RTO) worth RM336 million to be satisfied by cash and shares
Company to dispose of existing poultry business for RM158.83 million, with proceeds to be distributed to shareholders as special dividend and capital repaymentKLANG, Malaysia, Apr 8, 2022 - (ACN Newswire)
KUALA LUMPUR: LTKM Bhd has put forward a series of proposals to divest its existing business to its major shareholder and venture into the provision of electronic manufacturing services (EMS) via the acquisition of Local Assembly Sdn Bhd.