Kenmark sells land for RM15mil

Posted on | October 23, 2010

By THE STAR

PETALING JAYA: Kenmark Industrial Co (M) Bhd has sold a vacant piece of industrial land in Klang via an open tender exercise for RM15mil, the company told Bursa Malaysia yesterday.

Of the total amount, RM14.25mil will be used to settle the redemption sum on the property due to EON Bank Bhd. The property was charged for a banking facilities granted earlier.

“The disposal is to partially settle the total amount owing to EON Bank under the charge,’’ it said.

- Malaysia Property News

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