NSTP sells land to Megah Selesa

The New Straits Times Press (Malaysia) Bhd (NSTP) has sold a plot of land in Shah Alam to Megah Selesa Development Sdn Bhd for RM15.9 million.

The sale and purchase agreement for the 217,807sq ft plot in Bukit Jelutong was signed on March 3, NSTP said in a filing to Bursa Malaysia yesterday.

Proceeds from the sale will be used for working capital, the company added. NSTP bought the land in November 1995.

By Business Times