by TMR
Berjaya Corp Bhd has entered into share purchase agreement with Besino Environment Ltd to sell its entire stake of 85% in DSG Holdings Ltd to the latter for RM265.99 million.
In a statement to the local bourse yesterday, Berjaya noted the proposed disposal enables the diversified group to realise its investment in DSG and utilise it for working capital.
The sale is expected to increase the group’s pre-tax gain of about RM108.29 million. The deal is expected to be completed by the end of March.