Guocoland to get RM116mil from land sale


PETALING JAYA: Guocoland (M) Bhd said its associate company Vintage Heights Sdn Bhd (VHSB) is disposing of a parcel of land in Sepang for RM474.99mil.

Upon completion of the disposal, VHSB is expected to realise a net gain on disposal of approximately RM290mil, said Guocoland, adding that approximately RM116mil is expected to be attributable to Guocoland.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Guocoland , disposal , Sepang

Next In Business News

Hock Soon Capital falls 7c below IPO on debut
Ringgit opens firmer on weaker US$, 4Q GDP optimism
FBM KLCI seen consolidating ahead of GDP release, CNY holiday
Trading ideas: Steel Hawk, Critical, GDB, Hextar Industries, Infraharta, MFM, MGB, Oriental, UEM Sunrise, Maxis, SKP
Steel Hawk unit secures PETRONAS deal
Dialog enters recovery year driven by midstream recurring income
Stunning 4Q finish for Malaysia
Topmix posts record quarterly revenue and earnings
SC appoints LC Wakaful Digital as first social exchange operator
One Credit debuts smart fintech system

Others Also Read