HCIB selling Penang assets for RM40mil

PETALING JAYA: Hume Cement Industries Bhd (HCIB) has accepted an offer from Skygate Technology (KL) Sdn Bhd for the proposed disposal of a parcel of land together with the buildings thereon in Prai Industrial Estate, Penang, for RM39.8mil.

In a filing with Bursa Malaysia, HCIB said the offer was accepted via its wholly-owned subsidiary, Hume Concrete Sdn Bhd.

It said the proposal deal is expected to see it making a net gain on RM32mil on the sale.