KUALA LUMPUR: Pintaras Jaya Bhd has proposed to get rid of a bit of freehold industrial land in Klang, Selangor, measuring roughly 1.17 hectares, to Senheng Electrical Sdn Bhd for RM25.28 million.
“As the corporate has no rapid plans to make use of the land, the proposed disposal represents a chance for the group to understand the worth of the land and unlock capital sources from being tied up as long-term property,” it mentioned in a submitting with Bursa Malaysia right this moment.
It mentioned the train would strengthen the corporate’s liquidity and monetary place and proceeds derived from the proposed disposal could be utilized as its working capital.
It added that the proposed disposal is anticipated to contribute positively to the earnings of the corporate for the monetary 12 months ending June 30, 2022.
At shut, Pintaras Jaya shares was up by 0.78 per cent to RM2.60 with 6,900 shares transacted. – Bernama