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lexlee




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Talam unit sells land for RM35mil Empty
PostSubject: Talam unit sells land for RM35mil   Talam unit sells land for RM35mil I_icon_minitimeWed Mar 24, 2010 10:19 am

Tuesday, March 23, 2010


Talam unit sells land for RM35mil


KUALA LUMPUR: Talam Corp Bhd subsidiary Galian Juta Sdn Bhd has entered into two sale and purchase agreements with Malaysian Allied Health Sciences Academy Sdn Bhd to dispose of two pieces of land for RM35.4mil.

In a filing yesterday, Talam said the original cost of investment of the land was RM34.7mil.

It added that the sale proceeds from the proposed disposal would be utilised to pare down the interest and principal to the entire loan facility granted by EON Bank Bhd to Galian Juta and the balance for its infrastructure cost and working capital.

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