Koh Brothers (SGX:K75), through its subsidiary, G & W Industries, completed the disposal of a piece of freehold land in Malaysia to AirTrunk Malaysia Three, according to a Friday filing with the Singapore Exchange.
Shares of the construction engineering company were up nearly 8% in Monday trading.
Following the completion, the balance sum of 73.4 million ringgit was released by G & W's solicitors, the filing added.