Capital World signs deals to sell interests in five Capital City towers for RM 50 million

Bitget2026/11/04 15:38

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Capital World subsidiary Capital City Property signed agreements on November 2, 2026, to sell five Capital City tower interests for RM 50 million.
The Johor Bahru transaction excludes the retail mall; buyers are Parasky Projects, Kirana Tiara and MBW Projects.
Consideration includes RM 25 million in purchase payments; another RM 25 million covers conditional post-completion costs that may not generate cash proceeds.
Estimated net proceeds total RM 22 million, primarily earmarked for working capital; the expected disposal gain is RM 21.9 million.
Ownership transfers upon full purchase-price payment, even if post-completion reimbursements remain outstanding; Capital City Property retains responsibility for costs exceeding allocated reimbursements.

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. Capital World Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: YXRKO9DHVNI3N5VE) on November 04, 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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Capital World signs deals to sell interests in five Capital City towers for RM 50 million

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