ECM Libra unit to sell Penang hotel property for RM51.89mil

KUALA LUMPUR: ECM Libra Group Bhd’s wholly owned subsidiary ECML Hotels Sdn Bhd will dispose of two adjoining freehold land parcels in Penang to Wealthpro Holdings Sdn Bhd for RM51.89 million.

ECM said in a Bursa Malaysia filing that the property consists of two adjoining freehold plots with an 11-storey hotel building featuring 258 rooms.