The consideration was paid in cash with an initial deposit of 10% followed by the balance upon the completion of the transaction.
Wing Tai Malaysia Sdn. Bhd., the wholly-owned subsidiary of SGX-listed Wing Tai Holdings, has disposed of the property at No. 523, Jalan Ayer Puteh, Mukim 4, 11100 Balik Pulau, Pulau Pinang for RM5.8 million ($1.8 million).
The property, which is a factory building sited on freehold land, was sold to Meng Shin Garment Sdn. Bhd. and Keow Bee Garment Sdn. Bhd.
