KUALA LUMPUR: Maxtral Industry Bhd said its unit Steadmont Development Sdn Bhd has sold a piece of property to Suriamas Lumayan Sdn Bhd for RM33.89 million.
It said the original cost of investment for the property, now under receivership, was RM9.33 million which was made on May 8, 2007.?This translates into a gain of RM24.56 million.
Maxtral said the proceeds of the sale will be used to settle borrowings due to OSK Investment Bank, namely a RM20 million bridging term loan and RM50 million term loan.
TOP PICKS BY EDGEPROP
NEW 1 Sty SEMI D Seksyen U14 Booking RM500 Only
Shah Alam, Selangor
2.5 Storey Bungalow House Kg Kubu Gajah
Sungai Buloh, Selangor
Kampus West City Kampar FF Studio #Firesale
LOT BANGLO GERAN INDIVIDUAL near Southville City
Grand Ss13 New Condo in subang
Subang Jaya, Selangor