KUALA LUMPUR: PLB Engineering Bhd's wholly-owned subsidiary,Excelgrand Properties Sdn Bhd, is proposing to dispose a 81,948.834 square metre piece of freehold land in Seberang Perai Selatan, Penang, to Greenpower City Sdn Bhd for RM10.144mil.
In a filing with Bursa Malaysia, PLB said the disposal was expected to result in an estimated one-off gain (net of tax) of RM4mil to the group after deducting the development cost incurred and other sundry expenses fees. - Bernama
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