(April 3): Singapore’s Lee Rubber Co. is continuing its selling spree by putting up for sale two of its assets in George Town, Penang — a shopoffice and a warehouse — that are valued at RM40 million ($12.6 million).

With this move, the value of assets sold by the Lee Rubber group and those available for sale over the past four years totals about RM1 billion.

The Edge understands that the shopoffice and warehouse occupy 39,940 sq ft of freehold land that consists of three small adjoining plots of 13,600 sq ft in total and, across from these, one big parcel of 26,340 sq ft. The smaller parcel houses the two-storey shopoffice while the warehouse occupies the larger piece of land.

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