KUALA LUMPUR (Sept 30): Ageson Bhd has proposed to sell 4,000 units of vending machines and retail fridges integrated with internet-of-things system and solutions, for RM30,000 per unit or a total of RM120 million. The proposal is in line with its initiative to explore new business opportunities, said the construction and property development group in a Bursa Malaysia filing. It said its indirect wholly owned subsidiary, Ageson Retails Sdn Bhd, has inked a memorandum of understanding (MOU) with Koperasi Belia Nasional Bhd (Kobena) for the sale. "The entry of the MOU forms a basis of commitment to the parties to create a mutual understanding and also pave a way for further discussion between the parties prior to the signing of any definitive agreement to effectuate the business proposal," said Ageson. At 3.40pm, shares in Ageson were up one sen or 3.03% at 34 sen, giving the group a market capitalisation of RM104.61 million.
