KUB may monetise property assets to help expansion 21 Aug 2017 12:00 AM
More outlets: Rahim says the group plans to expand its fast food business. PETALING JAYA: KUB Malaysia Bhd is considering plans to monetise its property assets as the group seeks to raise RM70mil to pay for expansion of its core businesses.
The group owns the 13-storey Menara Seri Kinta in Ipoh and one acre prime land in Petaling Jaya that has been earmarked for a commercial redevelopment project.
“We are considering to divest some assets to support growth of our core businesses,” president and chief executive officer Datuk Abdul Rahim Mohd Zin said.
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