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Wednesday, December 1, 2010

UEM Land to sell asset for RM6.5m

UEM Land Holdings Bhd is selling 8.09ha in Johor to Medini Iskandar Malaysia Sdn Bhd for RM6.53 million.

Medini plans to build water supply reservoir, suction tank, pump house and retention pond on the land.

The sale will provide a gross profit of RM2.86 million for the year ending December 31 2010, UEM Land said in a filing to Bursa Malaysia yesterday.

By Business Times

Posted by Kimberg at 6:46 PM
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