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Lee Rubber on land selling trail in Malaysia

Vasantha Ganesan Published on Thu, Feb 09, 2017 / 9:56 AM GMT+8

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MALAYSIA (Feb 8): In less than two years, Singapore-based Lee Rubber Co (Pte) has divested itself of at least four assets in Malaysia, namely in Johor, Kuala Lumpur and Penang. The group is expected to dispose of two more properties in the coming months.

The rationale behind the recent spate of divestments remains unknown in the real estate circles.

Industry sources say the move may signal Lee Rubber’s exit from Malaysia or that the land no longer serves its original purpose. A couple of industry players suggest that the sales may be tax-related.

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Lee Rubber on land selling trail in Malaysia