SERI KEMBANGAN: Sapura Resources Bhd
is banking on its latest Lot 91, KLCC project to be the key driver of the group’s earnings after selling its education business for RM246.99mil.
Its shareholders had approved the proposal to dispose of its remaining stakes in APIIT Sdn Bhd, Asia Pacific University Sdn Bhd and Asia Pacific Institute of Information Technology Lanka to Ekuinas’ Ilmu Education Group Sdn Bhd.
Managing director Datuk Shahriman Shamsuddin said Sapura Resources was now focusing on its Lot 91, KLCC project and it would leased out once its completed in 2020.
“So our profit and cashflow will be coming from that direction,” he told reporters after the group’s shareholders meetings.
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