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CCM more nimble after corporate proposals — MD

Mimi Sabreena 1:19:00 PM Informasi

KUALA LUMPUR (Aug 3): Chemical Co of Malaysia Bhd (CCM) is expected to emerge as a more nimble entity upon completion of its demerger from CCM Duopharma Biotech Bhd while the latter would be able to expand its business without being bounded by the former's debt.

CCM group managing director Leonard Ariff Abdul Shatar said CCM was expected to register lower interest cost as the company reduces its debt with proceeds from its proposed land sale and new share placement.

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