KUALA LUMPUR (September 13): Nexgram Holdings Berhad (“Nexgram” or the “Company”) has announced the signing of a Conditional Share Sale Agreement (“CSSA”) with Asdion Logistics Sdn. Bhd. (“AsdionLog”), a wholly-owned subsidiary of Asdion Berhad, for the disposal of its 51% equity interest in Transeaways Shipping Sdn. Bhd. (“TSSB”). The transaction involves a total consideration of RM1,000,000, to be satisfied through the issuance of 5,000 Redeemable Convertible Preference Shares (RCPS) at RM200 per RCPS in AsdionLog.
This strategic disposal aims to optimize Nexgram’s logistics portfolio while leveraging AsdionLog’s industry expertise for future growth.
For further details, visit nexgram.co