GS Holdings proposes to dispose of cleaning and dishwashing business

The group said its expansion into these segments have shown promising results over the course of fiscal 2019, despite being a new entrant in those markets.

GS Cleaning Services provides general cleaning services and manufactures kitchen and household utensils. As at May 31, the net liability value of GS Cleaning Services is S$852,000. The total consideration payable by GreatSolutions is S$2 in cash, which took into consideration the adjusted net asset value of the targets - about S$100 as at May 31.

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