Malaysia - BAT plans to dispose of a parcel of industrial land..

November 27, 2009 - British American Tobacco (Malaysia) Bhd plans to dispose of a parcel of industrial land in Sabah, which has been unoccupied since early this year, for RM1.9 million (1.90 million RM(MYR) = 0.557226 million USD) to an individual.

The disposal of the 0.806ha-acre land includes a single-storey leaf store with an attached double-storey office, one single-storey tobacco store and one single agriculture inputs (fertiliser) store.

Proceeds from the disposal will be used for working capital.

Reference: BAT Malaysia to sell Sabah land for RM1.9m, Business Times, 11/28/2009.

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