KUALA LUMPUR: Kossan Rubber Industries Bhd has found a new buyer for its 39.04 ha vacant land in Kuala Langat, Selangor, which it plans to sell for RM153.38mil to raise funds for the development of two pieces of industrial land in Perak.
The rubber glove maker said wholly owned subsidiary Ideal Quality Sdn Bhd yesterday inked a conditional agreement to dispose of the land to Best Eternity Recycle Technology Sdn Bhd (BERT), a pulp, paper and paperboard maker.
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