The Malaysian Reserve

CCM disposes of land to Rock Link

Chemical Company of Malaysia Bhd (CCM) will sell a plot of vacant industrial leasehold land in Labu, Negri Sembilan, to Rock Link Sdn Bhd for RM21.5 million.

In an exchange filing last Friday, CCM noted the amount was arrived at on a “as-is-where-is” basis after taking into consideration the market value of the said property as ascribed by the valuer and the latest audited net book value of the said property as at Dec 31, 2017.