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VTI Vintage sells Sabah land for RM2.15m

KUALA LUMPUR: VTI Vintage Bhd entered into a sales and purchase agreement with SW 2020 Sdn Bhd on Jan 5 to sell more then 5.5 acres of land in the district of Tuaran, Sabah for RM2.15 million, it announced on Friday, Jan 7.

The group said the proceeds of the disposal would help it settle outstanding banking facilities and reduce the group's gearing.

VTI Vintage, an investment holding company, engages in the manufacture and trade of roof tiles in Malaysia.
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