Naim Holdings selling Bintulu land for RM340m

KUALA LUMPUR: Naim Holdings Bhd's wholly-owned subsidiary, Petrochemical Hub Sdn Bhd had entered into a sale and purchase agreement (SPA) with Sarawak Economic Development Corporation (SEDC) for the proposed disposal of two parcels of vacant land with a total area of approximately 405.6 hectares in Bintulu, Sarawak for RM340 million.

In a filing with Bursa Malaysia today, the company said the lands located at Kidurong Industrial area comprised of two adjoining parcels of land between Bintulu Onshore Receiving Facility, South China Sea, along the road leading to Kem PLKN Similajau and The Petronas Gas Pipeline.