Benalec terminates Melaka land sale deal with Titanium

KUALA LUMPUR: Marine construction and civil engineering firm Benalec Holdings Bhd has terminated a deal to sell five parcels of leasehold land in Melaka after the original buyer failed to pay the remaining amount despite several extensions.

"Arising from the termination, Benalec and its solicitors will study the legal actions available to be taken by the company and at the same time, will continue to market the uncompleted lands to new prospective purchasers," it said in a filing with Bursa Malaysia today.