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KUALA LUMPUR (Jan 25): Sunsuria Bhd is disposing of two parcels of agricultural land in Kuala Lumpur to Kerjaya Prospek Property Bhd for a total of RM30.14 million.
Sunsuria said in a bourse filing that its 70%-owned subsidiary Sunsuria Genlin Development Sdn Bhd had entered into a sale and purchase agreement with Kerjaya Prospek Property’s wholly-owned subsidiary Kerjaya Property Sdn Bhd to dispose of the two vacant freehold agricultural lands located in Setapak measuring a total of 9,092 square metres.
“The disposal of properties will enable Sunsuria Group to unlock capital resources from being tied up as long-term assets and realise the value of the properties at a fair market value whilst enhancing Sunsuria group’s liquidity and strengthening its financial position,” it said.
This post has been edited by jhuitan: Apr 7 2021, 02:41 AM
Jul 26 2017, 07:07 PM, updated 5y ago
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