Benalec unit proposes to dispose of two vessels


?The proposed project, if materialised, could provide Tan Chong Motor with opportunity to expand its foothold in the automotive industry in Vietnam,? the company said in a filing with Bursa Malaysia last Friday

PETALING JAYA: Benalec Holdings Bhd’s unit has proposed to dispose of two sand carrier vessels for US$3.82mil (RM15.82mil).

In its filing with Bursa Malaysia, Benalec said its 51%-owned Ocean Pacific Ltd had entered a memorandum of agreement with Regiontrade Sdn Bhd last month to sell the two vessels.

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