Jentayu Sustainables Bhd announced the sale of leasehold sales of land In Petaling Jaya for RM19.995 million.
In a circular, it said that the proposed disposable is aimed at streamlining the operations for the Group by focusing on its core business and optimise the utilisation of assets owned by the Group and monetising its assets.
It is also to unlock capital resources from being tied up in long-term assets to further strengthen its financial position.
It said that the proceeds of the disposal would towards working capital within 36 months.
