Unisem oblique subsidiary to promote land, constructing in Indonesia for RM143mil

KUALA LUMPUR: Unisem (M) Bhd introduced that its oblique subsidiary PT Unisem has entered right into a conditional gross sales and buy settlement (SPA) with PT Infineon Applied sciences Batam for the disposal of its land and constructing for RM143.31 million.

PT Infineon Applied sciences Batam is a restricted legal responsibility firm in Indonesia.

Unisem stated the proceeds from the disposal will likely be utilized for Unisem’s working capital and capital expenditures. The disposal is to be happy completely in money.

“PT Unisem had discontinued its operations in March 2020. Since then the administration has put the land and constructing available on the market. The disposal will enable Unisem to recuperate the monetary help prolonged to PT Unisem through the interval of plant closure in 2019 and 2020, ” it stated in a inventory trade submitting with Bursa Malaysia.

The corporate stated because of the discontinuance of PT Unisem’s operations, it had carried out an evaluation on the recoverability of the “carrying quantities” of PT Unisem’s property, plant and gear.

“The evaluation led to the popularity of impairment losses by the group within the monetary 12 months of 2020 (FY2020) and the carrying quantity was written all the way down to RM9.07 million as of Dec 31, 2021,” it stated.

The corporate stated the disposal will give rise to an estimated web acquire on disposal of RM130.65 million and a optimistic impact on the earnings per share and web asset per share of Unisem for the monetary 12 months ending Dec 31, 2022. – Bernama


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