KUMPULAN Europlus Bhd has sold a 1.94 per cent stake in associate Talam Corp Bhd for RM5.8 million.
Proceeds will be used to repay its lenders and creditors.
The sale leaves Kumpulan Europlus with 20 per cent interest in Talam.
The disposal, done on August 11 2010, was approved by the shareholders of Kumpulan Europlus at an Extraordinary General Meeting held yesterday.
- by Business Times
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