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Axcelasia to sell key unit in Malaysia, considering 'various options available'
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Annabeth Leow
Published Tue, Feb 11, 2020 · 09:50 PM
Singapore
CATALIST-LISTED professional services firm Axcelasia Inc is moving to sell off its Malaysian operating subsidiary Axcelasia Taxand to Hong Kong's Tricor Group for RM69.7 million (S$23.4 million), under a deal inked and disclosed on Tuesday.
The price tag was reached on a willing buyer, willing seller basis, and is a hair's breadth above a commissioned business valuation of RM67.8 million.
