UM Land to dispose of land for RM25 million

KUALA LUMPUR: United Malayan Land Bhd (UM Land) is disposing a piece of freehold commercial tract held under titled No. 97972, PT No. 46, Seksyen 57, Kuala Lumpur, for RM25 million.

In its filing to Bursa Malaysia on Monday, Aug 23, UM Land, via is indirect wholly owned subsidiary Ipjora Holdings Sdn Bhd, said it has entered into a sales and purchase agreement with Muncul Warisan Sdn Bhd over the land parcel.

The land, which measures 1,566 sq m, has been approved for hotel development and was held by UM Land for investment purposes prior to the proposed disposal.
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