GIIB shares fall 2.38% on property sale news
04 Apr 2018 / 11:12 H.
PETALING JAYA: Goodway Integrated Industries Bhd's (GIIB) share price fell half a sen or 2.38% this morning, after it announced the disposal of a warehouse-cum-office building for RM6.8 million cash yesterday.
At 10.38am, the stock stood at 20.5 sen with 1.5 million shares changing hands, bringing its market capitalisation to RM22.6 million.
The group said its unit Goodway Rubber Industries Sdn Bhd has signed a sale and purchase agreement with rubber manufacturer CK Rubber Industries Sdn Bhd for the disposal.
The property includes a single-storey detached factory annexed with a double-storey office building on leasehold land measuring 108,925sq ft located in Nilai, Negri Sembilan.