Pantech Global Bhd, through its subsidiary Pantech Steel Industries Sdn Bhd, is selling a piece of freehold land in Kuala Lumpur. The deal, formalized through a sale and purchase agreement with Veltrix Land Sdn Bhd, is valued at RM31.73 million. This transaction involves the disposal of the company’s land asset. The specifics of the land’s location within Kuala Lumpur were not detailed in the announcement. This move signifies a potential shift in Pantech Global's asset portfolio. The company is expected to utilize the proceeds from the sale for future business endeavors, though details regarding its use have not been disclosed. The sale represents a significant financial transaction for Pantech Global Bhd.