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Asian Micro Holdings subsidiary to sell Penang commercial office unit for $169,000

Felicia Tan
Felicia Tan1/11/2021 7:9 PM GMT+08  • 2 min read
Asian Micro Holdings subsidiary to sell Penang commercial office unit for $169,000
The net proceeds from the disposal will be placed in short-term deposits and may be used for the group’s working capital purposes.
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Asian Micro Capital (AMC), the subsidiary of Asian Micro Holdings, entered into a sale and purchase agreement on Jan 11 to sell its commercial office unit at Gurney Tower in Penang, Malaysia to Pang Swee Lin for RM515,000 ($169,000).

The proposed disposal constitutes a disclosable transaction under Catalist rules.

The office unit is a freehold property located at No. 18-26-A3 Gurney Tower at Persiaran Gurney, 10250 in Penang, Malaysia. It comes with a gross floor area (GFA) of about 60 sqm and is currently held for rental purposes.

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