KHSB unit to sell land for RM57m

KUALA LUMPUR: 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 RM57.06mil.

In a filing with Bursa Malaysia yesterday, KHSB said the proceeds from the sale would be used as working capital for the group.

The company said the proposed disposal was in the ordinary course of its business and that it was expected to accelerate the development of the Selangor Halal Hub. The proposed disposal was expected to be completed by end-2012.

By Bernama