KUALA LUMPUR: Wawasan TKH Holding Bhd disposed of a freehold 5-acre tract, along with a building, to Divine Lotus Sdn Bhd for RM5.563 million, the group announced on Monday, Feb 14.

The tract is located on 13th Mile Kepong Road in Kuala Selangor. The group said that the sale will enable the potential value of the vacant land to realised for cash consideration.

Moreover, the group will receive a net gain of about RM1.2 million and the proceeds of the sale will go to the repayment of borrowings and working capital purposes as well as defray incidental costs due to the sale.

Wawasan TKH is a Malaysia-based investment holding company. Through its subsidiaries, the company operates in three segments: investment holding, manufacturing disposable food wares and mining.

SHARE
SPONSORED CONTENT
Discover PSV2 Residences, the sweet spot where the city pulse meets suburban serenity

Nestled in the rapidly developing Bandar Tasik Selatan, PSV2 Residences is a future-proof development, boasting a location that is nothing short of strategic.

read more