In a filing with Bursa Malaysia, MUI said the disposal was in line with its business strategy of divesting non-core assets and continuing efforts in reducing its bank borrowings.
KUALA LUMPUR: Malayan United Industries Bhd
’s (MUI) indirect wholly-owned subsidiary Corus Hotels Ltd is disposing of a 10.1-hectare development site at Ferrymuirgait, South Queenferry, Edinburgh for RM38.8mil.
Corus Hotels has inked a sale and purchase agreement with purchaser AR Land Investments Ltd for the purpose.
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