Hong Lai Huat, on Feb 5, announced that it had entered into two separate sale and purchase agreements (SPAs) with the purchasers for the disposals of both entities.
Hong Lai Huat has agreed to sell HLHI (Cambodia) for a cash consideration of US$1.5 million or $2.01 million based on the exchange rate of US$1 to $1.339 as at Feb 1.
At the same time, the group has also agreed to sell HLH Agriculture (Cambodia) for a cash consideration of US$36 million or $48.22 million.
