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SKMK to dispose its properties for RM8.6m

KUALA LUMPUR: Konsortium Transnasional Bhd's wholly-owned subsidiary, Syarikat Kenderaan Melayu Kelantan Bhd (SKMK), has proposed to dispose off its properties in Kota Bharu, Kelantan for RM8.6 million.

The disposal will enable SKMK to utilise the proceeds for working capital purposes, Konsortium Transnasional said in a filing to Bursa Malaysia on Thursday, Dec 2.

"The disposal will not have any material effect on the net assets per share and gearing of the company for the financial year ending Dec 31, 2010," it said. — Bernama
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