Peng Shun International (06163) announced that on August 18, 2023, the seller (Gemilang Coachwork Sdn., an indirect wholly-owned subsidiary of the company) Bhd.) It is proposed to the buyer Super Choice Sdn. Bhd. The property was sold at a total cost of RM206.88 million.
The property is a freehold vacant lot located at No. 250, GM Lot 79, Senai, Kulai District, Johor, Malaysia. The area is approximately 3.3437 hectares. The Board of Directors believes that the sale will allow the Group to monetize its investment in the property.