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Categories
| OCI sells land for RM12m |
| Business & Market 2009 | |||
| Written by Yong Min Wei | |||
| Thursday, 05 November 2009 19:19 | |||
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According to a Bursa Malaysia filing today, the company said the property has a land area of 124,946 sq ft comprising an industrial premises with a five-storey office building, a five-storey warehouse building, a four-storey warehouse building, a single-storey factory building, a single-storey warehouse building, guard house and refuse chamber building. OCI said the land has a 99-year lease that would expire on Nov 26, 2068, adding that it has a net book property value of RM14.77 million as at June 30, 2009. "The property is currently charged to Bank Islam Malaysia Bhd for credit facilities granted to OCI and its subsidiary companies," it added.
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