PMBT disposes of Klang land for RM79mil

PETALING JAYA: PMB Technology Bhd (PMBT) is disposing of a piece of leasehold land measuring 113,311.968 sq metres in Klang, Selangor to Knauf Sdn Bhd for RM79.28mil.

In a filing with Bursa Malaysia, PMBT said the proposed disposal will enable the group to unlock capital resources from being tied up in long term assets and realise the property at a fair market value, whilst enhancing the group’s liquidity and strengthening its financial position.