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International Cement Group Ltd. ( (SG:KUO) ) has provided an update.
International Cement Group Ltd. announced the de-registration of its dormant subsidiary Shygys Zharyq LLC in Kazakhstan and the disposal of its wholly owned subsidiaries in Malaysia, Compact Metal Industries Sdn. Bhd. and Compact Bricks Sdn. Bhd., to Shuang Lee Aluminium Sdn. Bhd. for MYR 5,560,000. These transactions, which do not significantly impact the company’s net tangible assets or earnings per share, reflect the Group’s strategic move to streamline operations and focus on core business areas.
More about International Cement Group Ltd.
International Cement Group Ltd. operates in the construction materials industry, focusing on the production and distribution of cement and related products. The company is involved in various markets through its subsidiaries, aiming to enhance its footprint in the global cement industry.
YTD Price Performance: -15.00%
Average Trading Volume: 643,694
Technical Sentiment Consensus Rating: Buy
Current Market Cap: S$98.7M
For an in-depth examination of KUO stock, go to TipRanks’ Stock Analysis page.
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