Naim to sell Bintulu land for RM340mil

In a filing with Bursa Malaysia, the company said the land located at the Kidurong industrial area comprises 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.

KUALA LUMPUR: Naim Holdings Bhd’s wholly-owned subsidiary, Petrochemical Hub Sdn Bhd has entered into a sale and purchase agreement (SPA) with Sarawak Economic Development Corp (SEDC) for the proposed disposal of two parcels of vacant land totalling 405.6 hectares in Bintulu for RM340mil.

In a filing with Bursa Malaysia, the company said the land located at the Kidurong industrial area comprises 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.