Knusford in RM28mil land disposal

PETALING JAYA: Knusford Bhd is disposing of a freehold piece of land measuring 275,832 sq ft in Klang, Selangor to Emerald Plan Sdn Bhd for RM28mil.

In a filing with Bursa Malaysia, the company said the proposed disposal provides an opportunity for Knusford to unlock the value of its investment on the property at an attractive valuation, as well as monetise its non-core asset.

The property is not occupied by the group and only generating rental income.