Federal International sells land, buildings to accelerate push into renewable energy

Federal International Holdings Bhd (FIHB) is disposing of a parcel of leasehold industrial land in

Banting, Selangor to Filtermation (Mfg) Sdn Bhd for RM24.5 million, to venture into the

renewable energy segment. The land is occupied by a single-storey industrial furniture factory

with an annexed double-storey office building and ancillary buildings. The disposal would free up

cash flow to push forward its plan to venture into the renewable energy segment through its

partnership with China’s State Power Investment Corp.

Federal International sells land, buildings to accelerate push into renewable energy