KUB plans to sell garment maker
By Sharen Kaur
sharen@nstp.com.my
Business Times – Malaysia, Malaysia
March 9 2014
KUB Malaysia Bhd plans to sell all its shares in KUB Tekstil Sdn Bhd, a garment maker, for RM15.7 million to reduce debt and finance future investments.
The loss-making company is undergoing a revamp by selling its non-core business and focus on a few main ones.
The group is planning to expand its energy and information and communications technology (ICT) divisions, which will drive its growth for this year. Read more about KUB plans to sell garment maker …