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Aspen sells two units in Beacon Executive Suites for $410,110 in IPT

Felicia Tan
Felicia Tan • 2 min read
Aspen sells two units in Beacon Executive Suites for $410,110 in IPT
The units were sold to Vyramid, which is deemed as an interested person as 51.0% of Vyramid’s shares are owned by Kumar a/l Manokharan, the brother of Aspen's group CEO Dato' Murly a/l Manokharan.
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Aspen Vision Builders Sdn Bhd, the subsidiary of SGX-listed Aspen Group, has sold two units in Beacon Executive Suites in Penang, Malaysia, for RM1.3 million ($410,110).

The unit on the 21st floor was sold for RM628,200 after a 10% discount from its sale price of RM698,000. The other unit on the 10th floor was sold for RM693,000 after a 10% discount from its sale price of RM770,000.

The units were sold to Vyramid, which is deemed as an interested person as 51.0% of Vyramid’s shares are owned by Kumar a/l Manokharan.

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