“The proposed disposal is expected to result in a net gain of approximately RM14.
Regarding the aborted sale of the proposed 33 industrial lots, the company was to pay MBI Perak RM72 million.
“The land will be used as the container depo, and will be for internal use and rental to external party.
DONE DEAL: Bungalow, Seksyen U9, Shah Alam, Selangor DONE DEAL: Serviced Residence, Bukit Bintang, Kuala Lumpur Located in the Lion Industrial Park at Beranang, Semenyih, Selangor, the land is surrounded by key industrial sectors including automotive, chemical, metal and machinery.
DONE DEAL: Three-storey link house, Kepong, Kuala Lumpur DONE DEAL: Condominium, Subang Jaya, Selangor Pajam is a developed industrial area located in Negeri Sembilan and is surrounded by development projects.
Paragon Union said the disposal provides an opportunity for the group to unlock and realise the value of the property, which it expects to record a net pro forma gain of RM11.
KUALA LUMPUR (Oct 7): Dynaciate Group Bhd is acquiring an 8-acre piece of industrial land in Serendah, Selangor, from Brem Holdings Bhd for RM10.
KUALA LUMPUR (Aug 3): Freight Management Holdings Bhd is buying two pieces of vacant industrial land in Klang for RM56.
KUALA LUMPUR (May 7): London Biscuits Bhd, which is currently under liquidation, is selling seven parcels of freehold industrial land in Johor Bahru for RM70 million.
KUALA LUMPUR (Nov 5): MMAG Holdings Bhd is planning to dispose of a piece of freehold vacant industrial land in Klang for RM13 million in cash to Acter Carton Enterprise Sdn Bhd.