Utusan sells Jalan Tiga land for RM18mil

In a filing with Bursa Malaysia, Utusan said the property is located at Lot 648, Jalan Tiga Off Jalan Chan Sow Lin.

KUALA LUMPUR: Utusan Melayu (M) Bhd, the publisher of Utusan Malaysia, has proposed to sell a piece  of industrial land in Kuala Lumpur for RM18mil to raise cash.

The PN17 company told the stock exchange on Thursday that net proceed from the disposal of the 4,715 square meters plot of leasehold land, located at Jalan Tiga Off Jalan Chan Sow Lin are intended to be utilised as working capital requirements.