Unisem indirect subsidiary to sell land, building in Indonesia for RM143m | Malay Mail

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KUALA LUMPUR, April 7 — Unisem (M) Bhd announced that its indirect subsidiary PT Unisem has entered into a conditional sales and purchase agreement (SPA) with PT Infineon Technologies Batam for the disposal of its land and building for RM143.31 million. PT Infineon Technologies Batam is a limited...

Thursday, 07 Apr 2022 08:52 PM MYT

“PT Unisem had discontinued its operations in March 2020. Since then, the management has put the land and building on the market. The disposal will allow Unisem to recover the financial assistance extended to PT Unisem during the period of plant closure in 2019 and 2020,” it said in a stock exchange filing with Bursa Malaysia.

 

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