SIGNATURE Worldwide Bhd has disclosed the sale of 28 million Tanco Holdings Bhd shares, amounting to 1.42% of Tanco’s issued share capital, for roughly RM15.53 million in money.
Tanco is primarily concerned in funding holding and administration companies.
It instructed the bourse that the disposal was primarily based on market costs and was motivated by the necessity for funds for Signature’s working capital and debt reimbursement.
It added that the sale won’t have an effect on its capital, shareholder positions, or monetary efficiency for 2023. – TMR