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Tuesday, May 19, 2009

Bina Goodyear to sell land for RM27m

BINA Goodyear Bhd (BGB) said its wholly owned subsidiary, Greater Heights Development Sdn Bhd, is proposing to dispose of a piece of land to Green Heights Development Sdn Bhd for RM27 million cash.

BGB said in a filing to Bursa Malaysia that the proposed disposal involved the disposal of a piece of freehold land in Mukim Bandar Sri Damansara, Selangor.

Proceeds from the sale has been mainly earmarked for the repayment of bank borrowings and working capital of the group, it said.

By Bernama

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