Malaysia's Transmile says unaware Pos Malaysia selling 17.3 pct stake to DHL

Transmile Group Bhd said it has no knowledge of any plan by major shareholder Pos Malaysia & Services Holdings Bhd to sell its 17.3 pct stake in Transmile to DHL as reported recently in local newspapers.

‘The Board of Directors of Transmile Group Bhd wishes to clarify that TGB is not aware of Pos Malaysia’s intention to dispose of its 17.3 pct stake in TGB to DHL,’ it said in a statement.

Bursa Malaysia had queried the air cargo firm about the media reports.

Transmile closed up 0.70 rgt at 12.90, while Pos Malaysia rose 0.04 to 4.24.

(1 usd = 3.67 rgt)