The Company completed on 30 January 2009 the
disposal of its entire equity in its wholly-owned
subsidiary, Two Holdings Sdn Bhd (Two Holdings),
to Pan Malaysian Industries Berhad for a cash
consideration of RM9.3 million. The agreement on
the disposal was entered into on 14 September 2007.
The main asset of Two Holdings is a vacant piece of
freehold land situated in Jalan Mayang, Kuala Lumpur.The disposal will enable the Company to realise a
gain of approximately RM7.5 million in 2009.