{"id":1641,"date":"2017-10-31T08:26:38","date_gmt":"2017-10-31T08:26:38","guid":{"rendered":"http:\/\/benalec.pengerangmaritime.com.my\/2017\/10\/31\/benalec-sells-7-plots-of-melaka-land-for-rm100-17m\/"},"modified":"2017-10-31T08:26:38","modified_gmt":"2017-10-31T08:26:38","slug":"benalec-sells-7-plots-of-melaka-land-for-rm100-17m","status":"publish","type":"post","link":"https:\/\/www.benalec.com.my\/zh-hans\/benalec-sells-7-plots-of-melaka-land-for-rm100-17m\/","title":{"rendered":"BENALEC SELLS 7 PLOTS OF MELAKA LAND FOR RM100.17M"},"content":{"rendered":"<p1 style=\"font-size:12px;\"><em>The Edge Markets<br \/>\n31st October, 2017<\/em><\/p1>\n 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>\n<p>In a filing today, Benalec said its three indirect wholly-owned subsidiaries \u2014 Sentosacove Development Sdn Bhd, Oceanview Realty Sdn Bhd and Strategic Cove Sdn Bhd \u2014 entered into a sale and purchase agreement with the purchaser Titanium Hallmark Sdn Bhd for the disposal.<\/p>\n<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>\n<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>\n<p>&#8220;The disposal is in the ordinary course of business of Benalec.<\/p>\n<p>&#8220;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,&#8221; it added.<\/p>\n<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>\n<p><em>Source : <a href=\"http:\/\/www.theedgemarkets.com\/article\/benalec-sells-7-plots-melaka-land-rm10017m\">http:\/\/www.theedgemarkets.com\/article\/benalec-sells-7-plots-melaka-land-rm10017m<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Edge Markets 31st October, 2017 KUALA LUMPUR (Oct 3 [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1531,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[26],"tags":[],"_links":{"self":[{"href":"https:\/\/www.benalec.com.my\/zh-hans\/wp-json\/wp\/v2\/posts\/1641"}],"collection":[{"href":"https:\/\/www.benalec.com.my\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benalec.com.my\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benalec.com.my\/zh-hans\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benalec.com.my\/zh-hans\/wp-json\/wp\/v2\/comments?post=1641"}],"version-history":[{"count":0,"href":"https:\/\/www.benalec.com.my\/zh-hans\/wp-json\/wp\/v2\/posts\/1641\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.benalec.com.my\/zh-hans\/wp-json\/wp\/v2\/media\/1531"}],"wp:attachment":[{"href":"https:\/\/www.benalec.com.my\/zh-hans\/wp-json\/wp\/v2\/media?parent=1641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benalec.com.my\/zh-hans\/wp-json\/wp\/v2\/categories?post=1641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benalec.com.my\/zh-hans\/wp-json\/wp\/v2\/tags?post=1641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}