<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 31): Benalec Holdings Bhd is selling seven plots of leasehold land measuring 216,427 sqm at Klebang, Melaka, for RM100.17 million cash.</p></div>

<div class=newsTextDataWrapInner><p>In a filing today, Benalec said its three indirect wholly-owned subsidiaries — Sentosacove Development Sdn Bhd, Oceanview Realty Sdn Bhd and Strategic Cove Sdn Bhd — entered into a sale and purchase agreement with the purchaser Titanium Hallmark Sdn Bhd for the disposal.</p></div>

<div class=newsTextDataWrapInner><p>Under the deal, Benalec expects to realise a net gain of RM24.7 million representing earnings per share of about 3 sen apiece.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Proceeds from the land sale, Benalec said, will be used to finance its ongoing reclamation projects and to meet its working capital requirements.</p></div>

<div class=newsTextDataWrapInner><p>"The disposal is in the ordinary course of business of Benalec.</p></div>

<div class=newsTextDataWrapInner><p>"The disposal provides an avenue for Benalec to monetise and crystallise the value of its landbank while at the same time, improve the cash flow of the company," it added.</p></div>

<div class=newsTextDataWrapInner><p>At 3.12pm, shares of Benalec rose 3.57% or 1.5 sen to 43.5 sen, giving it a market capitalisation of RM331.62 million.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (Oct 31): Benalec Holdings Bhd is selling seven plots of leasehold land measuring 216,427 sqm at Klebang, Melaka, for RM100.17 million cash.

In a filing today, Benalec said its three indirect wholly-owned subsidiaries — Sentosacove Development Sdn Bhd, Oceanview Realty Sdn ...

Benalec sells 7 plots of Melaka land for RM100.17m

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