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Malaysian Bulk Carriers dispose land (5077)
by hlk Sat 15 Sep 2012, 10:04
Malaysian Bulk Carriers Bhd announced its wholly-owned subsidiary, Awanapuri Sdn Bhd, is disposing of industrial land in
Klang, Selangor to three parties for a total of RM18.390 million.
It expected RM8.948 million gain from the dispoal as it acquired the properties for RM10.203 million in 1995.
It
said the properties were initially acquired by the group to develop a
warehousing and an inland container depot operation but the group has
since wound up the container depot operation and the land has remain
vacant for some years.
The proceeds from the sale would be
utilised towards the expenses for the disposal estimated at RM550,000
and also to replenish the working capital of the group. Bernama
Klang, Selangor to three parties for a total of RM18.390 million.
It expected RM8.948 million gain from the dispoal as it acquired the properties for RM10.203 million in 1995.
It
said the properties were initially acquired by the group to develop a
warehousing and an inland container depot operation but the group has
since wound up the container depot operation and the land has remain
vacant for some years.
The proceeds from the sale would be
utilised towards the expenses for the disposal estimated at RM550,000
and also to replenish the working capital of the group. Bernama
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