Tasco sells property

PETALING JAYA: Trans-Asia Shipping Corp Bhd (Tasco), a total logistics solutions provider, will dispose of a property worth RM17.3mil to partly finance its acquisition of new office and warehouses.

In its filing with Bursa Malaysia yesterday, Tasco said it had entered into sale and purchase agreement with Greenway Link Sdn Bhd to sell its property of 4,047 sq m together with a three-storey office building and warehouse in Selangor.

Tasco had on July 1 announced that it planned to buy a property for RM41.8mil from JVC Manufacturing Malaysia Sdn Bhd in Shah Alam for use as a logistics centre.

By The Star