KFM Kingdom Holdings Ltd. announced that its wholly-owned subsidiary, Kingdom Precision Metal (Malaysia) Sdn. Bhd., has agreed to sell certain machineries to Kingdom BSL Technology Sdn. Bhd. for MYR2,108,108 (approximately HK$3,900,000). The purchaser, KBT, is ultimately owned by Mr. Sun Kwok Wah Peter, the company's chairman and a controlling shareholder. The transaction is classified as a connected transaction under Hong Kong's Listing Rules but is only subject to reporting and announcement requirements.
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