PETALING JAYA: Ekovest Bhd
is disposing of 13 parcels of land in Kuala Lumpur to Airman Sdn Bhd in a related-party transaction for RM66.8mil.
In a filing with Bursa Malaysia, Ekovest said the divestment is consistent with its principal business activity as a property investment and development firm, enabling the immediate realisation of the land value.
“This transaction is anticipated to have a beneficial financial effect to the group, reflecting positively on the overall revenue and cash flow.”
