Solid Automotive to dispose of land in Johor Bahru for RM48mil

KUALA LUMPUR: Solid Automotive Bhd will be disposing of land in Johor for RM48.00 million.

In a filing with Bursa Malaysia today, Solid Automotive said its wholly-owned subsidiary, Solid Autotech Sdn Bhd, has entered into a conditional sale and purchase agreement with Ferrotec Power Semiconductor Malaysia Sdn Bhd for the disposal of 4.04 hectares of leasehold land in Johor Bahru.