Hume Cement in RM39.8mil property sale

PETALING JAYA: Hume Cement Industries Bhd’s (HCIB) wholly-owned subsidiary, Hume Concrete Sdn Bhd (HCCT), is disposing of a parcel of land in the Prai Industrial Estate, Penang, together with the buildings and all fixtures, fittings and other things on it for RM39.8mil cash.

HCCT entered into a conditional sale and purchase agreement with Skygate Technology (KL) Sdn Bhd, said HCIB in a filing with Bursa Malaysia yesterday.

HCIB is to realise an estimated net gain on disposal of RM32mil upon completion of the exercise. — Bernama