Titijaya Land Expects RM 143.26 Million Gain From Penang Logistics Hub Sale

Bitget2026/11/03 09:15

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Titijaya Land clarified its proposed RM 300 million Penang Logistics Hub 5 sale is expected to generate a RM 143.26 million gain.
Proceeds earmarked for debt repayment total RM 154.27 million, with annual finance cost savings estimated at RM 6 million.
The disposal would eliminate gross rental income of RM 17.64 million annually, partly offset by financing savings.
Working capital, future development and investment activities are allocated RM 144.94 million, for use within 12 months of full payment.
Pro forma net assets per share would rise to RM 1.08 from RM 0.97; gross gearing would fall to 0.06 times from 0.18.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Titijaya Land Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3721700) on November 03, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Titijaya Land Expects RM 143.26 Million Gain From Penang Logistics Hub Sale

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