Green Packet Berhad has entered into a Share Sale Agreement to dispose its entire equity interest in Oasis Capital Investment Bank Ltd to Velocity Capital Sdn Bhd (formerly known as CSH Network Capital Sdn Bhd) for a purchase
consideration of RM11 million in cash.
Oasis Capital Investment Bank Ltd was incorporated in 2021 and has license to carry on Labuan Investment Banking Business.
The company said the sale is due to the business not being aligned with the business direction which is to focus on building a fundamentally strong organisation and growing the digital platform businesses. Also it aims to use the sales proceeds to retire the inter-company loan and working capital.
