Trive disposes properties in Kedah for RM4m
Trive Property Group Bhd

by TMR

Trive Property Group Bhd’s wholly owned subsidiary ETI Tech (M) Sdn Bhd has sold a piece of leasehold land in Kulim Hi-Tech Park, Kedah, together with a three-storey detached factory building erected thereon for a total cash consideration of RM4 million to the Frisian Biosciences Sdn Bhd.

In an exchange filing yesterday, the developer noted the transaction provides an opportunity for ETI-M to realise the property which has not been utilised and to utilise the proceeds for working capital. The transaction is expected to be completed within nine months.