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Utusan Melayu plans to sell shop office in PJ for RM7mil


The media company said the proposed disposal would provide an opportunity for the group to unlock the immediate value of the property, for which it incurred an original cost of investment of RM4.82mil in December 1995.  The proposed disposal is expected to result in a net gain of RM3.95mil for the group.

The media company said the proposed disposal would provide an opportunity for the group to unlock the immediate value of the property, for which it incurred an original cost of investment of RM4.82mil in December 1995. The proposed disposal is expected to result in a net gain of RM3.95mil for the group.

PETALING JAYA: Financially embattled Utusan Melayu (M) Bhd has proposed to sell its five-storey corner shop office in Petaling Jaya, Selangor for RM7mil to raise funds for working capital requirements.

The media company said the proposed disposal would provide an opportunity for the group to unlock the immediate value of the property, for which it incurred an original cost of investment of RM4.82mil in December 1995.

Property , Corporate News , Utusan , property

   

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