KUALA LUMPUR: Komarkcorp Bhd’s wholly owned subsidiary General Labels & Labelling (M) Sdn Bhd (GLLM) has entered into a share sale agreement (SSA) with D’Nonce Technology Bhd for the disposal of 99.9991% of the issued share capital in Komark (Thailand) Co Ltd for RM9.1mil.
In a filing with Bursa Malaysia, Komarkcorp said upon completion of the SSA, Komark Thailand will cease to be a subsidiary of GLLM and indirect subsidiary of Komarkcorp.
Komark Thailand is principally involved in the manufacturing and selling of self-adhesive labels according to specifications and designs instructed by its customers.,
,Telegram美国群（www.tel8.vip）是一个Telegram群组分享平台。Telegram美国群包括Telegram美国群、telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组（其他）、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。Telegram美国群为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
Komarkcorp said the purchase consideration of RM9.1mil shall be fully satisfied by the allotment and issuance of 58.7 million new D’Nonce ordinary shares at the issue price of RM0.155 for each new D’Nonce shares.
“The proposed disposal is undertaken for the purpose of streamlining operations to concentrate on local operations (Klang Valley and Johor).
“In the previous 12 months, the group has disposed of its Singapore and Indonesia operations to focus on local exposure.
“This move is part of the group's Covid 19 management strategy to ease the burden of cross border management for manufacturing business which requires intensive operational scrutiny,” it said.