Its chairman Annuar Musa told the business daily that they have put up the properties in both countries for sale.
“The appointed international evaluators have completed and submitted their final evaluations. So we will decide on this in our board meeting after Hari Raya,” he was quoted saying.
Annuar however, did not specify the assets to be sold and the expected proceeds from the sales.
The report said that the properties for sale include the controversial Ashley House in the UK, as well as the over-priced Dudley House in Australia.
Annuar said the sales of the properties would enable Mara to gain from foreign exchange.
“The government’s policy allows for the disposal of the assets due to the low exchange rate. But in order to repatriate, we need to get the Treasury’s approval as stated in the statutory requirement,” he was quoted.
He also told the business daily that Mara’s restructuring plan was “on track” and proceeding smoothly.