Asdion Bhd announced that its wholly-owned subsidiary Asdion Digital Advance System Sdn Bhd had on 12 April 2022 entered into a Share Sale Agreement with Hill Esta International Limited to dispose of its 0.24 ordinary share representing 24% of the equity interest in Maxillion Link Enterprises Ltd. for a total consideration of USD1.00 (“the Disposal”) subject to the Terms and Condition stated in the SSA.
The cost of the investment by Asdion in 24% shares in Maxillion is RM994,142 only
It said that the disposal would allow Asidon to fulfill its business direction to be a full-fledged logistics service provider and operator in the logistics sector and to be able to focus its resources on its logistics business which will be Asdion’s main revenue contributor and growth area.
