KUALA LUMPUR, Property developer MKH Bhd has announced the disposal of one of its subsidiaries for RM49.53 million as part of its strategy to streamline operations and unlock value from its investments.
In a filing with Bursa Malaysia, MKH said the proposed sale will enable the group to realise gains from its investment and channel the proceeds towards strengthening its balance sheet and funding future developments.
The company explained that the divestment is in line with its ongoing efforts to enhance efficiency by focusing on core businesses in property development, construction, and plantation. “The disposal represents a timely opportunity for the group to monetise its non-core assets, while creating additional financial flexibility to pursue growth projects,” MKH said in a statement.
The transaction is expected to be completed once all conditions precedent are met, and is not anticipated to have any adverse impact on the group’s existing operations. Analysts noted that the disposal will provide MKH with additional liquidity, allowing it to reduce borrowings and improve gearing levels, while also freeing up resources for expansion in high-potential segments.
MKH has a diversified portfolio that spans property development, investment holdings, construction, and oil palm plantation. The group said it remains committed to creating long-term value for shareholders through strategic asset optimisation and prudent capital management.
