Tomei to sell KL land to Oasis

Posted on | January 5, 2011

By THE STAR

PETALING JAYA: Jeweller Tomei Consolidated Bhd will dispose of six pieces of land in Kuala Lumpur to Oasis Properties Sdn Bhd for a total of RM4.6mil as part of its on-going cost optimisation and business streamlining strategy,

The disposal will allow the jeweller to re-organise its resources and focus on its core business, it told Bursa Malaysia.

In six separate announcements yesterday, Tomei said several of its wholly-owned units entered into six sale and purchase agreements on Dec 27 to sell its freehold land.

- Land Disposal

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