Analyst Research Report Snapshot

Title:

Flash Note – Benalec Hldgs (TR BUY, maintain) - Disposal of land in Melaka

Price:

$12.00

Provider:

Affin Investment Bank

Date:

10 Jul 2013

Pages:

2

Type:

AcrobatPDF

Companies referenced:

BENL.KL

Available for Immediate Download
Summary:

Disposal of eight pieces of land in Melaka for RM54.3m at RM30 psf Benalec announced that Heritage Land, a wholly-owned subsidiary of Benalec Sdn Bhd, had on 10 July entered into the following:-  Sale and Purchase Agreement with Highbond Capital to dispose of all those four pieces of leasehold vacant land held under PN 53823 to 53826, Lot 12037 to 12040, all of Pekan Klebang Seksyen II, Daerah Melaka Tengah, Melaka for a sale consideration of RM27.2m; and  Sale and Purchase Agreement with Gigayear Revenue to dispose of all those four pieces of leasehold vacant land held under PN 53827 to 53830, Lot 12041 to 12044, all of Pekan Klebang Seksyen II, Daerah Melaka Tengah, Melaka for a sale consideration of RM27.2m.

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