Third Time's a Charm: SP Setia Completes Sale of 388 Hectare Land in Tebrau for RM564m
Third Time's a Charm: SP Setia Completes Sale of 388 Hectare Land in Tebrau for RM564m
S P Setia Bhd has completed the sale of its 388.38 hectare land parcel in Tebrau, Johor to Senibong Island Sdn Bhd for RM564 million.
S P Setia Bhd已完成將其在柔佛的388.38公頃土地出售給Senibong Island私人有限公司，售價爲5.64億馬幣。
The transaction was conducted through its subsidiary, Pelangi Sdn Bhd.
該交易是通過其子公司Pelangi私人有限公司進行的。
S P Setia had tried to sell the land twice before to Scientex Bhd, the deals however were blocked by the Economic Planning Unit.
S P Setia之前兩次嘗試將該土地出售給Scientex私人有限公司，但這些交易被經濟規劃單位阻止了。
S P Setia said by unlocking the value of this asset, the company said the deal enhanced its financial standing, contributing to an expected profit after tax of RM332 million.
S P Setia表示，通過釋放該資產的價值，該交易增強了公司的財務狀況，有望爲公司帶來3.32億馬幣的稅後利潤。
President and chief executive officer Datuk Choong Kai Wai said the transaction complemented the company's de-gearing efforts, which are happening according to plan and shall contribute to its future growth.
總裁兼首席執行官Choong Kai Wai表示，此次交易補充了公司減負的努力，這是計劃中正在發生的事情，將有助於公司未來的增長。
"By efficiently managing our capital structure, channelling resources into fast-developing projects, rationalising our cost structure, and directly boosting our bottom line, Setia is better positioned for expansion and long-term sustainability," he said in a statement.
他在一份聲明中表示，"通過有效管理我們的資本結構，將資源投入快速發展的項目，理性化我們的成本結構，並直接促進我們的淨利潤，Setia在擴張和長期可持續性方面更具競爭力。"
In tandem with this, Setia continued to direct its efforts into other revenue streams via landbank management, making its mark in industrial development and continuing with regional expansion in Vietnam and Australia to broaden its income base.
與此同時，Setia繼續通過土地銀行管理，進入工業開發領域，並在越南和澳大利亞繼續區域擴展，以拓寬其收入基礎。
Setia has also commenced pre-initial public offering preparatory work to explore the establishment of a Real Estate Investment Trust (REIT).
Setia還啓動了準備工作，探索建立一個股權房地產投資信託(REIT)。
"Our strategy to realise the values of our identified land assets has brought us one step closer to an even stronger financial state and supports our efforts to diversify our income base.
"我們旨在實現我們確定的土地資產的價值的策略，使我們更接近更強大的財務狀況，並支持我們多樣化收入基礎的努力。"Choong補充道。
"We remain committed to our ethos of excellence and innovation, driving growth while delivering superior value to our stakeholders," added Choong.
"我們保持卓越和創新的理念，推動增長，同時爲我們的利益相關者提供卓越價值。"Choong補充道。
譯文內容由第三人軟體翻譯。