Glomac sells property to PNS

Posted on | February 12, 2009

By THE STAR

PETALING JAYA: Glomac Bhd’s wholly-owned subsidiary, Kelana Centre Point Sdn Bhd, sold Wisma Glomac 3 in Kelana Jaya to Perbadanan Nasional Bhd (PNS) for RM50mil.

According to a filing to Bursa Malaysia, the sale and purchase agreement for Wisma Glomac, which is situated within the commercial development known as Kompleks Kelana Centre Point, was signed yesterday between Kelana Centre Point and PNS.

Glomac said based on the latest audited accounts of Kelana Centre Point as at April 30, 2008, the net book value of the property was RM45.4mil while the original cost of investment of the property was RM31.7mil.

The developer said the sale was not expected to have any significant impact on the consolidated net assets, earnings and gearing position of Glomac for the current financial year ending April 30.

You might also like

Glomac unit sells office block for RM170mil By THE STARPETALING JAYA: Glomac Bhd’s wholly-owned subsidiary, Glomac Damansara Sdn Bhd has entered...

Glomac sale By BUSINESS TIMESGLOMAC Bhd’s wholly- owned subsidiary, Glomac Damansara Sdn Bhd has signed a sale...

Glomac unit buys land in Klang By BUSINESS TIMES GLOMAC Bhd’s wholly-owned subsidiary, Kelana Kualiti Sdn Bhd, has bought two parcels...

Glomac to sell off block B at Kelana Business Centre By BUSINESS TIMESThe proceeds from the sale of properties will form part of the war chest, says Glomac's...