Binasat to dispose of office buildings

PETALING JAYA: Binasat Communications Bhd’s wholly-owned subsidiary, Binasat Sdn Bhd, has agreed to sell two double-storey semi-detached adjoining office building for RM10.5mil cash.

In a filing with Bursa Malaysia, Binasat noted the properties, located at Taman Industri Bukit Permai in Ulu Langat, Kuala Lumpur, will be sold to to Advance Fountain Sdn Bhd.

Binasat stands to make a net gain of RM4.5mil on the sale.