KUALA LUMPUR: Federal International Holdings Bhd (FIHB) is disposing of a parcel of leasehold industrial land in Banting, Selangor, for RM24.5mil, to venture into the renewable energy segment.
In a statement yesterday, FIHB said its wholly-owned subsidiary, Federal Furniture (1982) Sdn Bhd, had entered into a sale and purchase agreement with Filtermation (Mfg) Sdn Bhd for the disposal of the land.
The land is occupied by a single storey furniture industrial factory with an annexed double-storey office building, as well as ancillary buildings.
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