PETALING JAYA: Malaysian Pacific Industries
Bhd’s (MPI) wholly-owned subsidiary, Dynacraft Industries Sdn Bhd (DCI), is proposing to dispose of two parcels of land together with the buildings thereon to Open DC PE2 Asset Sdn Bhd for RM140mil.
In a filing with Bursa Malaysia, MPI said as DCI had ceased its manufacturing of leadframes operations, the properties (measuring 40,487 sq m) are not needed for any business operations, adding that the proposed disposal will enable DCI to realise its investment in the properties.
