Median Chinese International (KLSE:MEDIAC) has agreed to sell an industrial property in British Columbia, Canada, to Da Xing Investment, for CA$6.9 million, according to a Thursday filing with Bursa Malaysia.
The property served as the newspaper publisher's Canadian media operations office and printing facility and has remained vacant since the company ceased its Canadian media operations.
Net proceeds from the disposal will be used for general working capital purposes.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.