Eden to incur loss on sale of Kuantan land

PETALING JAYA: Eden Inc Bhd’s proposed disposal of a 80.2-acre plot of vacant land in Kuantan will incur a net loss of RM454,000 for the company due to incidental costs to be incurred in connection with the proposed disposal.

Proceeds from the land disposal will be used to boost the company’s cash flow for working capital requirements and reduce its borrowings, it said in an announcement to Bursa Malaysia.