Jan 5, 2011
Tomei to sell KL land to Oasis
PETALING JAYA: Jeweller Tomei Consolidated Bhd will dispose of six pieces of land in Kuala Lumpur to Oasis Properties Sdn Bhd for a total of RM4.6mil as part of its on-going cost optimisation and business streamlining strategy,
The disposal will allow the jeweller to re-organise its resources and focus on its core business, it told Bursa Malaysia.
In six separate announcements yesterday, Tomei said several of its wholly-owned units entered into six sale and purchase agreements on Dec 27 to sell its freehold land.
Other property related news:
TOMEI : [Stock Watch] [News]
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