Malaysia Property News is a free resource website sharing Daily Property News & information about Property in Malaysia, which related to, Property Market, Property Investment, Commercial Property , Hot Properties Malaysia, Real Estate, Retail Shop, Business Park, Condominium Malaysia, Terraces & Apartment Malaysia, Houses, Residence, Resort and many more.

Wednesday, December 1, 2010

UEM Land to sell asset for RM6.5m

UEM Land Holdings Bhd is selling 8.09ha in Johor to Medini Iskandar Malaysia Sdn Bhd for RM6.53 million.

Medini plans to build water supply reservoir, suction tank, pump house and retention pond on the land.

The sale will provide a gross profit of RM2.86 million for the year ending December 31 2010, UEM Land said in a filing to Bursa Malaysia yesterday.

By Business Times

No comments: