Talam to dispose of land and building for RM28.5m

KUALA LUMPUR: Talam Corporation Bhd has proposed to dispose of its land and building in Bandar Serendah, Ulu Selangor, Selangor, to the Federal Land Commissioner for RM28.5 million.

In a filing to Bursa Malaysia here today, the company said the sale proceeds from the proposed disposal will be used to settle outstanding loan facilities and reduce the group's gearing. — Bernama
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