JB Foods to Sell Subleases over Land in Malaysia

JB Foods (SGX:BEW) entered into a sale and purchase agreement with G-Force through its subsidiary JB Cocoa, to sell subleases over land situation at Plot D20 and D20A in Johor Malaysia along with a single story detached factory and a two-story office. The consideration for the property is 27.0 million ringgit, according to a filing with the Singapore Exchange on Friday. Proceeds from the proposed sale will be used for general working capital needs.