HeiTech may sell HeiTech Village building

HEITECH Padu Bhd may sell its HeiTech Village building in Subang Jaya, Selangor to Permodalan Nasional Bhd (PNB) for RM65 million. In a statement yesterday, HeiTech Padu said PNB has given the company a letter of offer to sell and lease back HeiTech Village. "The proposed disposal of HeiTech Village will enable the group to unlock capital resources from being tied up in long-term assets and allow the company to better focus on its existing business," it said.

By New Straits Times