KUALA LUMPUR: Trinity Corp Bhd is planning further land sale worth at least RM100 million to RM200 million in the current financial year ending Jan 31, 2013 as part of efforts to strengthen its financial footing.
Executive Director Chua Kim Lan said the group has 1,229.2 hectares balance land bank, mainly in Selangor, comprising commercial, residential and industrial properties.
"These land are at various strategic locations in Ampang, Sepang, Puchong, Bukit Jalil and Rawang," she told reporters after the company's annual general meeting.
In the last financial year, Trinity signed a settlement agreement with the Menteri Besar Selangor (Incorporated) (MBI) after shareholders approved on March 30, 2011 to reduce some of its long-standing debts owed to financial firms and creditors following long-delayed projects.
Under the agreement, the group, formerly known as Talam Corporation Bhd, disposed its properties to MBI totalling RM363.58 million.