Greenyield disposes of Kuala Langat land for RM8mil
In a filing with Bursa Malaysia, the group said the land was originally bought for RM4.04mil on Sept 10, 2014, and had a net book value of RM3.59mil as at Dec 31, 2024.
Based on the disposal consideration, the proposed disposal is expected to result in a gain of about RM4.36mil.
It intends to allocate the proceeds of the sale to working capital and cash reserves, minus the expenses of the sale and real property gain tax.
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