Land disposal positive for Signature International

The kitchen cabinet and wardrobe manufacturer had said the RM54.6mil in proceeds raised from the land disposal would be used to repay bank borrowings and as working capital to purchase raw material. (File pic shows Signature International kithen cabinets)

PETALING JAYA: Signature International Bhd’s proposal to dispose of its Bandar Enstek land in Negri Sembilan is a positive move as it will help the company in terms of interest savings and future dividend payments.

The kitchen cabinet and wardrobe manufacturer had said the RM54.6mil in proceeds raised from the land disposal would be used to repay bank borrowings and as working capital to purchase raw material.