ecoWise fully disposes stake in Saiko Rubber (Malaysia) for $5.8 mil

Felicia Tan
Felicia Tan4/28/2021 11:9 PM GMT+08  • 2 min read
ecoWise fully disposes stake in Saiko Rubber (Malaysia) for $5.8 mil
The disposal has netted ecoWise a gain of $1.6 million.
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ecoWise Holdings has disposed of its 51% stake in Saiko Rubber (Malaysia) for a consideration of RM18 million ($5.8 million).

The sale and purchase agreement was entered into by ecoWise’s subsidiary Sunrich Integrated and Kasan Corporation for the sale of 357,000 ordinary shares in Saiko.

Prior to the disposal, ecoWise owned 51% in Saiko while the remaining 49% was owned by Kato Sansho.

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