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NewsEmico plans to sell land for RM8.6mil (9091)
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Emico plans to sell land for RM8.6mil (9091)
by hlk Sat 04 Aug 2012, 08:41
KUALA LUMPUR: Emico Holdings Bhd's wholly-owned subsidiary, Emico Development Sdn Bhd, has proposed to sell land to TH Mutiara Sdn Bhd for RM8.6mil.
The land is located in Sungai Petani, Kedah, and has been approved for the development of 194 terrace houses, 256 semi-detached houses and five bungalows.
In a filing with Bursa Malaysia, Emico said the proposal was part of its rationalisation exercise and proceeds would be used to redeem its redeemable secured loan stocks (RSLS), which stood at RM33mil as at July 30. - Bernama
The land is located in Sungai Petani, Kedah, and has been approved for the development of 194 terrace houses, 256 semi-detached houses and five bungalows.
In a filing with Bursa Malaysia, Emico said the proposal was part of its rationalisation exercise and proceeds would be used to redeem its redeemable secured loan stocks (RSLS), which stood at RM33mil as at July 30. - Bernama
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