PMB Technology sells Klang land for RM36.59mil

PETALING JAYA: PMB Technology Bhd has proposed to dispose of a piece of leasehold land in Klang in a non-related party transaction to an individual named Ong Saut Mee.

The company, in a Bursa Malaysia announcement, has proposed to dispose of the 56,655 sq metres piece of land, where the lease will expire on March 30, 2097, for RM36.59mil.

With an original cost of investment of RM4.88mil, the proposed disposal is expected to generate an estimated one-off gain of RM25.75mil to the group after taking into account the estimated expenses of RM3.51mil in relation to this transaction.