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KUALA LUMPUR (July 8): Stationery maker Pelikan International Corp Bhd has disposed of its logistics centre in Germany for a cash consideration of €81 million (equivalent to RM399.33 million). The group also said part of the disposal proceeds will be used to reward the shareholders through special cash distribution. Pelikan said in a bourse filing today, its subsidiary Pelikan Group GmbH (PGG) had entered into a conditional sale and purchase agreement (SPA) with HE4 Falkensee 1 S.à r.l. and HE4 Falkensee 2 S.à r.l. to dispose of its logistics centre located at Straße der Einheit, Falkensee, Germany. Based on Pelikan’s audited consolidated financial statements for the financial year ended Dec 31, 2020 (FY20), the disposal is expected to realise an estimated one-off gain of RM184.83 million.

Kuala lumpurNazir razakHooi keatPelikan international corp bhdPelikan group gmbIkhlas capital singapore pte ltdPelikan group gmbhCapital singapore pte ltdDatuk seri nazir razakகுவாலா லம்பூர்நஜீர் ர்யாஸக்இகிலாச் மூலதனம் சிங்கப்பூர் ட் லிமிடெட்மூலதனம் சிங்கப்பூர் ட் லிமிடெட்