Envictus International (SGX:BQD) received a deferred payment of 33.7 million ringgit in connection with the disposal of 100% stake in its subsidiary Gourmessa, and certain assets of POK Brothers, another subsidiary of the group, according to a filing with the Singapore Exchange on Wednesday.
The company had disposed of 100% stake in Gourmessa and certain assets of POK Brothers, along with the leasehold land located in Selangor, Malaysia, in October 2023 for 34 million ringgit.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.