小资女向前冲（大马股市）

Summary

- Hap Seng Consolidated Bhd plans to sell its wholly-owned transportation and logistics services arm Hap Seng Logistics Sdn Bhd for RM750 million cash, with the proceeds to be used to pare down the group's borrowings and for working capital.

- Hap Seng Consolidated said it intends to use the bulk (73.2%) of the proceeds from the proposed disposal for working capital and another 26.67% to pare down RM200 million of the group's existing borrowings.

- original cost of investment of Hap Seng Consolidated in Hap Seng Logistics totalled some RM250 million

-"(The) repayment is expected to result in interest cost savings of approximately RM10 million per year based on the interest rate of approximately 5% per year," 

- The proposed disposal is expected to give rise to an expected pro forma gain of RM499.95 million to Hap Seng Consolidated Group for the financial year ended Dec 31, 2015, assuming that the proposed disposal had been effected at the end of that financial year.

- It is expected to be completed by the second quarter of this year.

- Buyer:Hong Kong-based LSH Logistics Ltd (LSHL) 

Source:
http://www.theedgemarkets.com/my/article/hap-seng-consolidated-sell-logistics-arm-pare-debt?utm_source=dlvr.it&utm_medium=facebook