PETALING JAYA: Farlim Group (M) Bhd
is disposing of a leasehold housing scheme, together with reserved land for infrastructure, utilities, amenities and services measuring 39.174 ha in Kampar, Perak to Gabong Holding Sdn Bhd for RM33mil.
In a filing with Bursa Malaysia, the property developer said the disposal will provide an opportunity for Farlim and its subsidiaries to unlock the value and monetise its investment at a premium of 28.65% to the market value of the land, as appraised by Henry Butcher.
