Able Global sells land in Klang for RM34.68mil

PETALING JAYA: Able Global Bhd (AGB) is disposing of six lots of freehold industrial land in Klang, Selangor, to Hond Tat Polymer Sdn Bhd for RM34.68mil.

In a filing with Bursa Malaysia, AGB said the proposed disposal provides an opportunity to unlock and realise the value of the property.

“The proposed disposal will not have any effect on the existing business operations of the company.”

AGB said the proceeds from the disposal shall be utilised for repayment of borrowing incurred for the purchase of the land and general working capital requirement.