KUALA LUMPUR: Ho Hup CONSTRUCTION [] Company Bhd subsidiary's proposed sale of its property to Action Master Sdn Bhd was not carried at the EGM on Monday, June 28.
Ho Hup said the proposed disposal by its 70% owned Bukit Jalil Development Sdn Bhd was not carried based on the poll conducted by the shareholders.
The resolution was to dispose of a plot of land, measuring 13,398 sq metres to Action master for cash consideration of RM7.64 million.
Part of the proceeds, about RM3.82 million would be used to repay the borrowings and another RM3.72 million would be used as working capital.
Ho Hup said the proposed disposal by its 70% owned Bukit Jalil Development Sdn Bhd was not carried based on the poll conducted by the shareholders.
The resolution was to dispose of a plot of land, measuring 13,398 sq metres to Action master for cash consideration of RM7.64 million.
Part of the proceeds, about RM3.82 million would be used to repay the borrowings and another RM3.72 million would be used as working capital.
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