Its wholly-owned subsidiary, Hap Seng Properties Development Sdn Bhd, will be disposing of the leasehold parcels of land to Goldcoin Ventures Sdn Bhd.
PETALING JAYA: Hap Seng Consolidated Bhd
is disposing of two parcels of land totalling 59.24 acres in Tawau, Sabah for a combined worth of RM90.13mil, as part of its strategy to sell off non-strategic locations without immediate development potential.
In a filing with Bursa Malaysia yesterday, the company, which has diversified businesses such as plantations, automobiles and properties, said its wholly-owned subsidiary, Hap Seng Properties Development Sdn Bhd, will be disposing of the leasehold parcels of land to Goldcoin Ventures Sdn Bhd.
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