ROAD BUILDER (M) Holdings Bhd has announced the disposal of its property assets, held by its 70%-owned RB Land Sdn Bhd, to its associate company Econstates Bhd for RM253.7mil via a share swap.
Econstates will also repay RM130.7mil in loans owed by RB Land to Road Builder through the issuance of Econstates shares at par.
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