The purchaser of the properties is Tye Suit Yean, an independent unrelated third party.
The consideration sum will be payable to Asian Micro Holdings in two parts, a deposit of RM310,000, and the balance RM1.24 million upon completion of the proposed disposal.
The group says that the estimated net proceeds from the proposed disposal are about RM1.532 million, which will be used for the group’s general working capital purposes to explore new opportunities in its property business.
Shares in Asian Micro Holdings closed 0.1 cent higher or 33.333% up at 0.4 cents on Sept 29.
