Opportunity for BAT to unlock land value

PETALING JAYA: British American Tobacco (M) Bhd’s (BAT) shutting down of its facility here will help pave the way for the cigarette-maker to unlock the value of its land. The disposal marks a significant shift in strategy for the group’s operations in Malaysia, analyst reports said.

The exercise will be carried out in stages and is targeted to complete by the second half of 2017 and will affect 23%, or 230, or its 1,000 employees, according to reports.