SUBSCRIBERS

Yongnam to sell Johor plant for RM153m

Mindy Tan
Published Tue, Oct 7, 2014 · 09:50 PM

Singapore

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 abo…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Companies & Markets

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here