SE­LAN­GOR DREDG­ING SELLS LAND FOR RM71M

The Sun (Malaysia) - - SUNBIZ -

PETAL­ING JAYA: Se­lan­gor Dredg­ing Bhd is sell­ing 16 pieces of land in Kuala Lumpur for RM71 mil­lion to SDB Damansara Sdn Bhd.The com­pany told Bursa Malaysia in its fil­ing that pro­ceeds from the sale will be solely used for the re­pay­ment of in­ter­com­pany bor­row­ings. The orig­i­nal cost of in­vest­ment in the land was RM50.07 mil­lion, made on Aug 24, 2005. The land in Damansara Heights is va­cant and for the de­vel­op­ment of res­i­den­tial bun­ga­lows.

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