Fitters in RM15mil land sale


PETALING JAYA: Fitters Diversified Bhd is proposing to dispose of a piece of freehold land measuring 8.05 ha in Cameron Highlands, Pahang to Cameron Highlands Floriculture Sdn Bhd for RM15mil.

Fitters said in a filing with Bursa Malaysia that it is expected to realise an estimated gain on disposal of approximately RM12.35mil.

The proposed disposal allows Fitters Group to strengthen its liquidity and cash-flow position, which will be utilised for working capital purposes.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Wall St set for higher open after Friday's sell-off amid Mideast jitters
Goldman Sachs' profit jumps 28% on investment banking strength
Tesla to lay off more than 10% of staff globally as sales fall
EPMB and BAIC ink 10-year vehicle assembly agreement
SCIB and Awana sign new agreement, securing exclusive contract for PPAM Mualim Project
Ringgit closes lower against greenback
Eduspec appoints Kang Pang Kiang as deputy chairman
HeiTech Padu wins RM190mil MySikap contract from JPJ
RHB invests RM3.8mil in Boost Bank, maintains 40% stake
GCAP inks MoU for Pahang hydropower project

Others Also Read