The market value of the property was about $5.9 million as at Dec 31, 2024. The company expects to receive net proceeds of approximately RM22 million, and intends to utilise the proceeds to repay the outstanding loan and mortgage over the property and as general working capital.
BBR Holdings’ subsidiary to dispose of a freehold property and factory building located in Johor, Malaysia for a total consideration of RM25.3 million ($7.98 million).
BBR Construction Systems entered into a conditional sale and purchase agreement with My Semi Precision to sell a freehold property containing an area measuring approximately 15,800 square metres (sqm) and a factory building at Senai, Johor Bahru, Malaysia.
