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<a href="http://www.accessmylibrary.com/coms2/summary_0286-10891908_ITM" title="Facts and information about MALAYSIA'S APL INDUSTRIES TO DISPOSE OF VICTORY PACKAGING.">MALAYSIA'S APL INDUSTRIES TO DISPOSE OF VICTORY PACKAGING.</a>
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MALAYSIA'S APL INDUSTRIES TO DISPOSE OF VICTORY PACKAGING.
KUALA LUMPUR, May 1 Asia Pulse - Glovemaker APL Industries Berhad (KLSE:APLI) has announced that its wholly-owned subsidiary, Red Box (Malaysia) Sdn Bhd (KLSE:REDB), entered into a Sale and Purchase Agreement with Kotak Malaysia Holdings Sdn Bhd on 30 April 2001 to dispose off the entire issued and paid up share capital of Victory Packaging Industries Sdn Bhd (VPI) comprising 6 million ordinary shares of RM1.00 each for a total cash consideration of RM6 million (US$1.58 million).
VPI mainly manufactures and sells corrugated cartons and boards for commercial use. Its factory is ...
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