Ge-Shen to dispose of properties for RM35mil


Ge-Shen’s second-quarter net profit more than doubled to RM4.5mil.

PETALING JAYA: Ge-Shen Corp Bhd has entered into a binding term sheet with Plastico Sdn Bhd for the proposed disposal of five properties in Taman Gembira, Johor Baru, for an aggregate cash consideration of RM35mil.

In a filing with Bursa Malaysia, Ge-Shen said the properties, which are located on freehold land, comprise offices, warehouses and factories.

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