
BCM Alliance Bhd has entered into a share sale agreement with Ho Kee Wee for the disposal of its entire stake in CS Laundry and a 99.97% stake in CS Laundry Philippines for RM20 million.
In a filing with Bursa Malaysia today, BCM Alliance said the units are involved in the supply, installation, testing and commissioning of commercial laundry equipment, as well as laundry, dry-cleaning and related repair services.
Ho is a director of CS Laundry and Century Pavilion, both subsidiaries of BCM Alliance.
The group said proceeds from the disposal will be mainly used to purchase new medical devices and equipment, in line with its healthcare business expansion. –TMR
The post BCM Alliance to sell laundry units for RM20 mil to fund medical equipment purchases appeared first on The Malaysian Reserve.


