TBKS Holdings (01960) subsidiary plans to sell a property in Johor, Malaysia for 11.46 million ringgit.

Wisdom Financial APP News, TBKS HLDGS (01960) announced that on April 24, 2025, the seller Tan Bock Kwee & Sons Sdn. Bhd. (an indirect wholly-owned subsidiary of the company) and the buyer Zhongya Holdings (Malaysia) Sdn. Bhd. entered into an agreement. According to the agreement, the seller has agreed to sell and the buyer has agreed to purchase the property for a total price of 11.4624 million Malaysian Ringgit. As of the date of this announcement, the sale was completed on August 25, 2025, and the full amount was paid by the buyer to the seller in accordance with the agreement.