Benalec stands to gain RM4mil from land sale

PETALING JAYA: Benalec Holdings Bhd is expected to make a net gain of RM4.17mil from the proposed disposal of its beneficial interest in 4.252 acres of commercial land in Malacca.

The civil engineering firm told Bursa Malaysia that the net gain would represent earnings per share of half a sen and would improve the company’s net asset per share from 74 sen to 75 sen based on its total issued capital of 799.14 million shares as of June 30, 2015.