PETALING JAYA: Ajiya Bhd
is disposing of two adjoining parcels of vacant industrial land measuring 64,069 sq metres in Negeri Sembilan to Kumkang Kind (M) Sdn Bhd and Asia Roofing Industries Sdn Bhd for RM51.9mil.
In a filing with Bursa Malaysia, the building materials manufacturer said the disposals represent an opportunity for the group to unlock and realise the value of its non-core assets.
“The proceeds from the disposals will enhance the group’s liquidity position and strengthen its financial flexibility.”
Ajiya said this will enable the group to meet its working capital requirements and support its strategic business expansion plans.
“These initiatives are aligned with the Group’s objective to optimise its asset portfolio, improve operational efficiency and enhance long-term shareholder value.”
Ajiya added that the disposals are not expected to have any material impact on the earnings or earnings per share of the group for the financial year ending Dec 31, 2025.
