Kumpulan Euro had disposed of 9.10% stake in Talam Corporation Bhd for RM15.88 million as it sought to reduce its bank borrowings.
KEuro said on July 17 the disposal, subsequent to the last financial year ended Jan 31, 2009, resulted in loss of RM19.8 million, or loss per share of four sen.
The stake which it sold comprised of three million Talam shares of 60 sen each (before the share splitting on Feb 16) and 166.39 million shares of 20 sen each.
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