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.

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