KUB president and managing director Abdul Rahim Mohd Zin said the group was constantly reviewing its asset position, and the disposal of its A&W stake and the land were the only divestments the company had looked into so far.

“If we get better value for the (land) disposal, we will go for it because we are not property developers and we don’t want to take any development risks,” he told reporters after launching two new liquefied petroleum gas trucks here today.

However, Rahim said the company would also consider a joint-development project as an alternative plan for the land which has a gross development value of RM245 million and a market value of RM28 million.

“Following the development order obtained from the Petaling Jaya Municipal Council, there is now an added premium of RM10 million (to the market value).

“The (best) offer that we received so far is around that value (of RM38 million) too,” he added.