KUALA LUMPUR (Dec 24): Johan Holdings Bhd is disposing of its loss-making credit card business in Singapore for S$103.59 million (RM313.98 million). The group said it is selling its 100% stakes in Diners Club (Singapore) Pte Ltd (DCS) and DCS's subsidiary DinersPay Pte Ltd (DPPL) to Ezy Net Pte Ltd, a secure end-to-end electronic payment solutions provider in the Singapore market. "The board considers the proposed disposal as timely given the current economic condition that poses challenges to the disposal subsidiaries' business," Johan said in a filing with Bursa Malaysia, adding that it is mulling venturing into the glove making business. DCS provides charge card and credit card services under the Diners Club cards franchise, while DPPL is principally involved in payment processing, payment gateway and merchant acquiring services.