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ecoWise to dispose of properties in Malaysia for RM10.5 mil

Ashley Lo
Ashley Lo • 2 min read
ecoWise to dispose of properties in Malaysia for RM10.5 mil
The proposed disposal is expected to strengthen the cash position, improve liquidity of ecoWise. Photo: ecoWise
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ecoWise Holdings says its wholly-owned subsidiary, Sunrich Integrated, has entered into agreements for the disposal of its property in Sabah, Malaysia, according to a Nov 25 release.

The property, comprising a leasehold land with double storey detached office cum warehouse located at Lot 6 and Lot 7,  has purchase considerations of RM4.7 million ($1.4 million) and RM5.8 million ($1.8 million) respectively. 

The property contains a combined land area of approximately 36,313 sqf and built-up area of 30,784 sqf. The property is under 99-year leasehold expiring on Dec 31, 2074. 

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