Media Prima sells Balai Berita Bangsar

KUALA LUMPUR: Media Prima Bhd has entered into a deal with PNB Development Bhd to sell and leaseback New Straits Times Press (Malaysia) Bhd’s (NSTP) Balai Berita Bangsar and printing plant in Shah Alam for RM280mil.

“The sale and leaseback exercise takes into account the growth potential and opportunities for Media Prima operating as an asset-light group,” Media Prima group managing director Datuk Kamal Khalid said in a statement on Thursday.