Malayan United Industries Bhd
(MUI), through MUI Properties Bhd, announced yesterday the proposed sale of the 22-storey MUI Plaza and an adjacent piece of land to the Hap Seng Consolidated Bhd group for RM190mil cash.
The two transactions mark the first major assets sale by the MUI group, to help pare debts totalling RM3.5bil (at December 2002).
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