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Yongnam to sell Johor plant for RM153m

Wednesday, October 8, 2014 - 05:50


YONGNAM Holdings' wholly owned subsidiary, Yongnam Engineering, has entered into a sale and leaseback agreement on its Malaysian plant in Nusajaya, Johor.

The cash consideration for the plant, to be sold to Axis Real Estate Investment Trust, is RM153.5 million, or about S

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