Avarga (SGX:U09) is selling land and buildings used for its paper manufacturing business in Malaysia for a total of 91.0 million ringgit, following the unit's closure, according to a Friday filing on the Singapore Exchange.
The company's subsidiary, UPP Pulp & Paper, has accepted two offers from Ideal Quality, a subsidiary of Kossan Rubber Industries.
The assets include a 29.45-acre industrial site and two agricultural land parcels in Selangor. The sale is expected to generate a gain of SG$14.1 million.
Net proceeds of SG$24 million will go toward closure costs and debt repayment.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。