Ho Wah Genting sells three dormant subsidiaries for RM 3
Bitget2026/10/28 09:23- Ho Wah Genting sold three wholly owned dormant subsidiaries to Wong Kai Siong for RM 3 on October 28, 2026.
- The businesses—HWGB Biotech, HWGB Lab and HWG Fintech Property—were sold for RM 1 each.
- The disposal is expected to generate a noncash gain of RM 4.4 million, improving earnings for the year ending December 31, 2026.
- The sale streamlines the group, reduces administrative costs and redirects resources toward its core wire, cable and power cord businesses.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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