Apex Equity to dispose of Menara Apex for RM55mil

KUALA LUMPUR: Apex Equity Holdings Bhd's wholly-owned subsidiary Apex Development Sdn Bhd is disposing of Menara Apex and the 0.4737ha of freehold land it is situated on in Kajang, Selangor, for RM55mil.

Apex Equity estimates the proposed sale will generate net proceeds of RM49.95mil and a gain on disposal of RM39mil, after deducting taxes and expenses, it said in a stock exchange filing.