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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
HumeCement , HCIB , LandDisposal , Penang , NetGain

Next In Business News

Light at the end of the tunnel
Understanding the warrant of distress
Are convention halls still good investments?
Ringgit likely to trade cautiously between RM4.09 and RM4.11 vs US dollar next week
Strong momentum seen for Vietnam equities
Asset managers in risk-on mode
Rising DRAM prices may hit consumers
Asia-Pacific ratings hold firm
HK’s lure for key IPO investors
Fewer stocks spur IPO hunt

Others Also Read