皇冠体育信用（www.hg9988.vip）:Fitters Diversified sells 19-hectare land in Rawang for RM36mil
KUALA LUMPUR: Fitters Diversified Bhd has proposed to dispose of 18.97-hectare agriculture land in Rawang for RM36mil.
In a filing with Bursa Malaysia, Fitters said its indirect wholly-owned subsidiary, Rasa Anggun Development Sdn Bhd had entered into a sale and purchase agreement with Aikbee Development (Kepong) Sdn Bhd for the proposed disposal.
Fitters said the agricultural land with residential development potential has an audited book value of RM32.67mil as at March 31.,
“The proposed disposal is expected to result in a gain of approximately RM3.33mil after deducting all the estimated expenses for the proposed disposal,” Fitters said.
It added that the proposed disposal was expected to provide immediate cash flow which can be channelled towards its business operations for its working capital purposes.
The disposal is expected to be completed by the fourth quarter of this year.