Asia
MBC offloads property
Kuala Lumpur: Malaysian Bulk Carriers (MBC) has announced its wholly-owned subsidiary, Awanapuri Sdn Bhd, is disposing of industrial land in Klang, Selangor to three parties for a total of RM18.390m.
It expected a RM8.948m gain from the disposal, money that will be used to replenish the working capital at the Robert Kuok-controlled shipping line. [17/09/12]