Rapid Synergy sells Sri Hartamas land


PETALING JAYA: Rapid Synergy Bhd is disposing of a 4,716-sq-m freehold land in Sri Hartamas, Kuala Lumpur, to Exsim Putra Permai 45 Sdn Bhd for RM39mil.

In a filing with Bursa Malaysia, Rapid Synergy said the disposal represents an opportunity for the group to unlock and realise the appreciating value of the property to realise cash flows to fund working capital and/or repayment of bank borrowings.

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

Next In Business News

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
GIP said to halt plan to buy stake in MMC Port

Others Also Read