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BRIEF-PPB Group announces disposal of Tefel Packaging Industries Co
September 20, 2017 / 10:24 AM / a month ago

BRIEF-PPB Group announces disposal of Tefel Packaging Industries Co

Sept 20 (Reuters) - Ppb Group Bhd:

* Unit Tego Sdn Bhd entered into agreement for transfer of shares with Messrs Natthi Cholsaipant and Tanapat Cholsaipant

* On completion of the proposed disposal, Tefel will cease to be an indirect 100 pct-owned subsidiary of PPB

* Deal for $2.4 million

* Deal for proposed disposal of Tego’s entire equity interest in Tefel Packaging Industries Co Source text (bit.ly/2ycZEeK) Further company coverage:

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