Tag: reducing gearing SDB selling Wisma SDB
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Gearing drops, share price up. RM480 million sale.
Companies with more cash and less debts are always loved by the market. Selangor Dredging Berhad (SDB) decided to sell its office building Wisma Selangor Dredging and land on Jalan Ampang, Kuala Lumpur, to Golden Eagle Realty Sdn Bhd for RM480 million. Full news article in thesundaily here. More good news? The price is 20.9 percent above its…