PETALING JAYA: Media Chinese International Ltd (MCIL) is disposing of a parcel of land housing a two-storey industrial building in Vancouver, Canada, to Da Xing Investment Ltd for C$6.85mil (RM19.88mil).
Following the cessation of the group’s Canadian media operations with effect from Feb 1, 2026, MCIL said the property – which formerly served as its media operations office and printing facility in Canada – has since remained vacant.
“As the group has ceased its media operations in Canada and the property is no longer required for the group’s media operations in Canada, the directors consider that the disposal provides a good opportunity for the group to realise the value of the property and redeploy the proceeds from the disposal towards the group’s other business and operational requirements,” it said in a Bursa Malaysia filing.