Income Safe sale proposed

PETALING JAYA: Income Group Bhd has proposed to buy the remaining 49% fairness curiosity in Income Safe Sdn Bhd for RM31.85mil.

In a submitting with Bursa Malaysia, Income stated its wholly-owned subsidiary, Income Harvest Sdn Bhd, had entered right into a conditional share sale settlement with Ho Ee Lock and Chang Chew Soo for the proposed acquisition.

The cashless cost options supplier stated the acquisition consideration can be glad by the difficulty of 21.09 million new strange shares in Income at a difficulty value of RM1.51 every.


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