PETALING JAYA: Oasis Harvest Corp Bhd
is disposing of a parcel of industrial land in Puchong, Selangor to Crest Group Bhd for RM16.5mil.
In a filing with Bursa Malaysia, Oasis said the land consists of a three-storey detached factory with a three-storey office, annexed together with a guardhouse.
Oasis said the proceeds from the disposal will be used to repay bank borrowings, for outlet marketing and events as well as working capital requirements.
“The proposed disposal is in line with Oasis Group’s objective of streamlining its businesses to focus on the food and beverage segment.”
