SINGAPORE (May 7): Envictus International is disposing of its loss-making beverage business for an aggregate consideration of RM15.3 million (S$5.2 million).

The purchaser is Hinoki Beverages, a wholly-owned subsidiary of Bursa Malaysia-listed Can-One.

Envictus intends to use the net proceeds from the proposed disposal of RM14.36 million for general working capital purposes... (Click here to read the full story.)