KUALA LUMPUR: PJI Holdings Bhd is selling Wisma PJI in Selangor to Pan Pacific Enterprise Sdn Bhd for a total of RM8.8 million.

PJI Holdings had on June 30 entered into two sale and purchase agreements with Pan Pacific Enterprise on June 30 to dispose of the building — consisting of two adjoining units of 3-storey semi-detached factory, respectively — in Bukit Jelutong, Shah Alam.

The company intends to enter into a tenancy agreement with Pan Pacific in relation to Wisma PJI, which was completed in 2001. The building encompass a 3-storey office building, a 1-storey factory annexe and a guardhouse with total gross floor area of 3,764 sq m (40,515 sq ft) on a 3,790 sq-m (0.94-acre) land.

The audited net book value of Wisma PJI as at June 30 last year is RM7.4 million. The disposal is expected to result in a net gain on disposal of RM3.5 million.
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