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Tomei sells freehold parcels for RM4.6m

KUALA LUMPUR: Tomei Consolidated Bhd entered into a sale and purchase agreement on Dec 27, 2010 for several freehold plots to Oasis Properties Sdn Bhd for RM4.6 million, the group stated in several announcements to Bursa Malaysia on Tuesday, Jan 4.

All the plots are situated along Jalan 2/131A, Project Jaya Industrial Estate, Batu 6, Off Jalan Kelang Lama, containing 4-storey terraced factories with basements, which range in size from 1,647 sq ft to 1,873 sq ft.

The disposals are part of the group's on-going optimisation and business streamlining strategy, which will allow it to reorganise its resources and focus on its core businesses.

Tomei Consolidated is an investment holding company that engages in design, manufacture and retail of jewellery.
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