Perak Corp in RM5.5mil land sale


PETALING JAYA: Perak Corp Bhd has agreed to sell some 110 acres of leasehold agricultural land in Kampar, Perak, for RM5.5mil to Kim Poh Sitt Tat Feedmill Sdn Bhd.

In a filing with Bursa Malaysia, Perak Corp noted as an affected listed issuer under Practice Note 17, the disposal provided an avenue for the company to raise funds to channel towards the group’s business operations which will improve its overall cash flow position as part of its regularisation effort.

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