Sanbumi sells 39.98 acres of land with equipment in Tawau for RM6.5m

KUALA LUMPUR: Sanbumi Holding Bhd — via its wholly-owned subsidiary Sanbumi Sawmill Sdn Bhd — sold 39.98 acres of land in Kalabakan in the district of Tawau, along with the sawmill plant, equipment and machines to Dyna Istimewa Sdn Bhd for RM6.5 million, the group announced on Friday, Dec 3.

The price of RM6.5 million comprised of RM1.5 million for the land and RM5 million for the sawmill plant, equipment and use of license, the group said.

The reason for the disposal is because the group has ceased its sawmilling production activities. The company will make a gain of RM4.67 million from the sale.
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