Media Prima Bhd's shares up
Published on: Tuesday, September 04, 2018
Kuala Lumpur: Media Prima Bhd's shares were up on Monday morning after the company announced the disposal of four properties in Bangsar and Shah Alam to PNB Development Sdn Bhd for RM280 million, resulting in a one-off net gain of about RM127.7 million.At 9.52 am, the shares rose 3.5 sen to 44.5 sen with 539,000 shares traded.The company said previously that its 98.2 per cent-owned subsidiary, New Straits Times Press (M) Bhd (NSTP), had entered into three separate conditional sales and purchase agreements with PNB Development for the proposed sale of the properties.
ADVERTISEMENT
The four properties are two pieces of freehold land in Bangsar where NSTP's Balai Berita headquarters is located, a piece of freehold industrial land with buildings in Shah Alam where its printing plant is located, and another freehold industrial land, also in the Selangor state capital. Stay up-to-date by following Daily Express’s Telegram channel.
Daily Express Malaysia
