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Wednesday, November 28, 2007

HeiTech may sell HeiTech Village building

HEITECH Padu Bhd may sell its HeiTech Village building in Subang Jaya, Selangor to Permodalan Nasional Bhd (PNB) for RM65 million. In a statement yesterday, HeiTech Padu said PNB has given the company a letter of offer to sell and lease back HeiTech Village. "The proposed disposal of HeiTech Village will enable the group to unlock capital resources from being tied up in long-term assets and allow the company to better focus on its existing business," it said.

By New Straits Times

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