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BRIEF-Kwantas Corporation says unit entered into sale & purchase agreement
April 19, 2017 / 10:34 AM / 8 months ago

BRIEF-Kwantas Corporation says unit entered into sale & purchase agreement

April 19 (Reuters) - Kwantas Corporation Bhd

* Unit entered into a sale & purchase agreement with Kub Malua Plantation Sdn Bhd

* Agreement for a cash consideration of 100.4 million RGT

* Agreement for proposed disposal of 3,791 acres of agriculture land located at Sungai Kinabatangan, District of Kinabatangan, Sabah

* Upon completion of proposed disposal, group is expected to realise an estimated loss on disposal of 31.5 mln RGT Source text: (bit.ly/2ombu21) Further company coverage:

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