This fire protection business, held under an entity called KA Group, was acquired from Soh Yong Poon and his daughter Soh Ying Sin back in 2014.
Intraco plans to sell its fire protection business for $6.9 million, and distribute the bulk of the proceeds back to shareholders via capital reduction.
Eligible shareholders will receive total proceeds of $6.8 million, or 6 cents per share.
