Dutch Lady to use RM181.2mil of proceeds to build facilities

The company, which in March signed a conditional agreement with UEM Land Bhd to sell the Petaling Jaya property, said it would build manufacturing and warehousing facilities, support facilities and office facilities on three parcels of freehold land spanning 13.2 ha in Bandar Baru Enstek.

KUALA LUMPUR: Dutch Lady Milk Industries Bhd plans to use RM181.23mil of the RM200mil proceeds from the sale of its land and buildings in Petaling Jaya to finance the construction of manufacturing and other facilities in Bandar Baru Enstek, Negri Sembilan.

The company, which in March signed a conditional agreement with UEM Land Bhd to sell the Petaling Jaya property, said it would build manufacturing and warehousing facilities, support facilities and office facilities on three parcels of freehold land spanning 13.2 ha in Bandar Baru Enstek.