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DKSH sells PJ land for RM30m

KUALA LUMPUR (June 21): DKSH Holdings (M) Bhd is disposing of its 1.9-acre land in Section 13, Petaling Jaya to Absoland Sdn Bhd for RM30 million cash. The sale consists of the leasehold land with a warehouse and an office building.

In a filing with Bursa Malaysia, DKSH said the property is a non-strategic asset and the proceeds raised would be utilised more effectively in the group's core operations.

This story appeared in The Edge Financial Daily on June 21, 2012.

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