Ho Wah Genting Sells Two Dormant Subsidiaries for RM 1 Each

Bitget2026/10/21 09:35

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Ho Wah Genting sold its 100% stakes in Astramern and Dviria Nano Tech on October 21, 2026.
Wong Kai Siong bought the two dormant subsidiaries for cash consideration of RM 1 each.
The disposal is expected to generate a group-level gain of approximately RM 8.23 million due to the subsidiaries’ capital deficiencies.
Both subsidiaries ceased operations in 2023; the sale supports a refocus on core businesses while reducing administrative costs.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ho Wah Genting Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3717121) on October 21, 2026, and is solely responsible for the information contained therein.

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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Ho Wah Genting Sells Two Dormant Subsidiaries for RM 1 Each

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