Ho Hup disposes of Bukit Jalil land for RM110mil

PETALING JAYA: Ho Hup Construction Co Bhd is disposing of a parcel of freehold commercial development land measuring 12,492 sq metres in Kuala Lumpur to EXSIM Persiaran Jalil Sdn Bhd for RM110mil.

In a filing with Bursa Malaysia, Ho Hup said it had, in the preceding financial year, initiated and executed a series of restructuring and rationalisation exercises aimed at enhancing business operations, optimising asset allocation, as well as de-gearing its balance sheet.