<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 10): Palm oil mill operator Kwantas Corp Bhd rose 6.08% in thin trade this morning, following its plan to dispose of its Chinese oleochemical and glycerine manufacturer for RMB25 million (RM16.07 million).</p></div>

<div class=newsTextDataWrapInner><p>At 11.44am, shares of Kwantas gained 9 sen at RM1.57, with 4,900 shares traded.</p></div>

<div class=newsTextDataWrapInner><p>Kwantas announced last Friday its plan to dispose of Dongma (Guangzhou Free Trade Zone) Oleochemicals Co Ltd (DMO) to Guangzhou Lushang Technology Development Co Ltd, partly to streamline its operations.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>DMO operates oleochemical and glycerine plants in the Guangzhou Free Trade Zone in China.</p></div>

<div class=newsTextDataWrapInner><p>Kwantas said it will use proceeds from the disposal — expected to be completed by 2QCY17 — to repay borrowings and raise working capital, adding that it expects a RM4.6 million net gain from the disposal.</p></div>

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KUALA LUMPUR (April 10): Palm oil mill operator Kwantas Corp Bhd rose 6.08% in thin trade this morning, following its plan to dispose of its Chinese oleochemical and glycerine manufacturer for RMB25 million (RM16.07 million).

At 11.44am, shares of Kwantas gained 9 sen at RM1.57, with 4,...

Kwantas Corp up 6% on proposed sale of Chinese unit

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