Naim Holdings to dispose of land in Sarawak for RM223.38mil

PETALING JAYA: Naim Holdings Bhd is disposing of 180.8 hectares of land at Sungai Sajiram/Sungai Kuap, Sungai Merdang, Samarahan, Sarawak to Onlyee Flora Sdn Bhd for RM223.38mil.

In a filing with Bursa Malaysia, Naim said the proposed disposal forms part of the group’s ongoing commitment to ensure long-term sustainability in its business operations in a tight property market, dominated by substantial unsold properties (as reported by the National Property Information Centre).