ZICO Holdings Inc. Completes Sale of Subsidiaries, Group No Longer Holds Interest
Link: https://links.sgx.com/1.0.0/corporate-announcements/HH7XH4S4TM0CHYSR/50423f7e1a110a664459f725a450032f3913b42034591c40d40dd8bf59587042
Summary:
-
The disposal of the entire issued and paid-up share capitals of the specified sale subsidiaries was completed on 31 July 2025, following satisfaction of the full purchase price.
-
Due to logistical delays, full balance payment was only received on 6 August 2025.
-
Following completion, ZICO Holdings Inc. and ZICO Malaysia Sdn. Bhd. cease to have any interest in the sale subsidiaries; these entities are no longer part of the group.
-
The company will make further announcements as necessary, in compliance with Catalist Rules.
-
Shareholders and investors are advised to read future announcements carefully and consult professional advisors if in doubt about their actions.