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Flash Note – Benalec Hldgs (TR BUY, maintain) - Disposal of 8 pieces of land in Melaka




Affin Hwang Investment Bank Bhd


28 Oct 2013





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Disposal of six pieces of land in Melaka for RM51.0m at RM39 psf Benalec announced that Heritage Land Realty, a wholly-owned subsidiary company of Benalec Sdn Bhd which in turn is a wholly-owned subsidiary of Benalec, had on 28 October entered into a Sale and Purchase Agreement with Faithview Supreme Development to dispose off eight pieces of leasehold vacant land held under Plot A – H located in Kawasan Bandar VI, Daerah Melaka Tengah, Melaka measuring approximately 29.54 acres for RM51.5m cash.

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