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KHSB Unit To Sell 17 Industrial Land Plots

News From : DagangHalal.com (01 Oct 2010)

KUMPULAN Hartanah Selangor Bhd (KHSB) subsidiary, Central Spectrum (M) Sdn Bhd, will sell 17 plots of industrial land in the Selangor Halal Hub, Pulau Indah, for RM57.06 million.

In a filing to Bursa Malaysia today, KHSB said the proceeds from the sale would be utilised as working capital for the group.

The company explained that the proposed disposal was in the ordinary course of business for Central Spectrum and it was expected to accelerate the development of the Selangor Halal Hub.

It would also enhance the economy in Pulau Indah by providing job opportunities and demand for residential properties in Pulau Indah.

The proposed disposal was expected to be completed by end-2012.

– BERNAMA

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