Careplus Group Bhd has entered into an agreement to dispose of a parcel of land in Pekan Bukit Kepayang, Negeri Sembilan, for RM42 million as part of its efforts to unlock the value of its property assets and strengthen its financial position.
The land, measuring approximately 40,680 sq m, will be sold to Delloyd Asset Portfolio (M) Sdn Bhd. A purpose-built single-storey retail complex is currently situated on the property.
In a filing with Bursa Malaysia, Careplus said the proposed disposal represents an opportunity for the group to monetise its investment in the property and realise value from the asset at an attractive consideration.
The company expects the transaction to result in a pro forma gain of approximately RM2.09 million, which will contribute positively to its financial position upon completion of the disposal.
Careplus said proceeds from the sale will be strategically utilised to support the group’s future growth initiatives, including the construction of a new energy vehicle (NEV) manufacturing hub, the acquisition of related equipment, as well as the repayment of existing bank borrowings.
The company added that the disposal will allow it to reallocate capital towards its core expansion plans, particularly in strengthening its capabilities within the new energy vehicle manufacturing segment.
Subject to the fulfilment of relevant conditions and barring any unforeseen circumstances, Careplus expects the proposed disposal to be completed by the end of the 2026 calendar year.
The transaction forms part of the group’s ongoing strategy to optimise its asset portfolio while creating greater value for shareholders and supporting its long-term business growth objectives.
