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Envictus disposing loss-making beverage business for $5.2 mil

PC Lee
PC Lee5/7/2018 06:41 PM GMT+08  • 1 min read
Envictus disposing loss-making beverage business for $5.2 mil
SINGAPORE (May 7): Envictus International is disposing its loss-making beverage business for an aggregate consideration of RM15.3 million ($5.2 million).
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SINGAPORE (May 7): Envictus International is disposing its loss-making beverage business for an aggregate consideration of RM15.3 million ($5.2 million).

The purchaser is Hinoki Beverages, a wholly-owned subsidiary of Bursa Malaysia-listed Can-One.

Envictus intends to use the net proceeds from the proposed disposal of RM14.36 million for general working capital purposes.

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