---
title: "TBKS HLDGS failed to report the sale of land for light industry in Malaysia"
description: "TBKS HLDGS, due to management's unintentional oversight, failed to report a transaction that must be disclosed. The company signed an agreement on April 24 of this year with independent third party Zh"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/257942749.md"
published_at: "2025-09-18T13:57:09.000Z"
---

# TBKS HLDGS failed to report the sale of land for light industry in Malaysia

> TBKS HLDGS, due to management's unintentional oversight, failed to report a transaction that must be disclosed. The company signed an agreement on April 24 of this year with independent third party Zhongya Holdings (Malaysia) Sdn. Bhd. to sell four parcels of light industrial land located in Johor, Malaysia, for a cash consideration of 11.46 million Malaysian Ringgit (approximately 20.21 million Hong Kong Dollars), with an expected net gain from the sale of approximately 5.63 million Malaysian Ringgit. The sale was completed on August 25

TBKS HLDGS (01960.HK) announced that due to management's unintentional oversight, a disclosure-required transaction was omitted. On April 24 of this year, the company entered into an agreement with independent third party Zhongya Holdings (Malaysia) Sdn. Bhd. to sell four pieces of light industrial land located in Johor, Malaysia, for a cash consideration of 11.46 million Malaysian Ringgit (approximately 20.21 million Hong Kong Dollars). The estimated net proceeds from the sale are approximately 5.63 million Malaysian Ringgit. The sale was completed on August 25

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
