Koh Brothers Group's (SGX:K75) indirect wholly owned subsidiary, G & W Industries (M), entered into a sale and purchase agreement with an unrelated third party to dispose of a piece of freehold land at Negeri Johor, Malaysia.
The total consideration for the disposal is 81.5 million Malaysian ringgit, according to a filing with the Singapore Exchange on Monday.
The land has a total area of 5.4034 hectares and is currently vacant.
The company plans to use net proceeds worth SG$20.1 million for general working capital of the group.
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