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MMAG sells land in Klang for RM13 mln

Last update: 04/11/2019
KUALA LUMPUR, Nov 4 -- MMAG Holdings Bhd’s subsidiary Active Trio Deluxe Sdn Bhd has sold a piece of freehold vacant industrial land in Klang to carton box manufacturer Acter Carton Enterprise Sdn Bhd for RM13 million.

In a filing with Bursa Malaysia today, MMAG, which provides courier, delivery and payment gateway services, said it would use the proceeds to buy two parcels of freehold land, together with all buildings erected thereon, at the Valdor industrial area in Penang.

The company expects the proposed disposal to be completed by the beginning of next year.

-- BERNAMA



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