It said BPPL’s liabilities, which included unsecured loans of RM5.79mil as at June 30, 2013 (FY13), would no longer be included in the group’s financial results going forward.
BPPL made losses of RM112,000 and RM109,000 for FY12 and FY13 respectively.
“The disposal is to streamline the group’s operations to concentrate on core profitable operations while divesting those that do not contribute significantly to the group’s operations and financial results,” it added.
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