Matrix Concepts sell properties for RM3.71m

PETALING JAYA: Matrix Concepts Holdings Bhd is disposing of several properties for RM3.71 million through related party transactions.

In an exchange filing, the group noted the agreements involve the disposal of one unit of three-storey shop office and one unit of two-and-a-half-storey shop office located in Negeri Sembilan, to Kuntum Kemuning Sdn Bhd and Anexco Sdn Bhd, respectively.

Matrix Concepts managing director Ho Kong Soon is a major shareholder and director of Kuntum Kemuning and Anexco.

The transactions are expected to be completed within 24 months from the date of the sale purchase agreement.

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