Utusan to sell land for RM18m to raise working capital

  KUALA LUMPUR (Nov 16): Loss-making media group Utusan Melayu (Malaysia) Bhd, which is formulating a regularisation plan to address its Practice Note 17 (PN17) status, is planning to sell a leasehold plot located in Jalan Tiga off Jalan Chan Sow Lin here for RM18 million, to unlock its value and raise working capital for the group.