KUALA LUMPUR, March 31 — Pintaras Jaya Bhd has proposed to dispose of a piece of freehold industrial land in Klang, Selangor, measuring approximately 1.17 hectares, to Senheng Electric Sdn Bhd for RM25.28 million.

“As the company has no immediate plans to use the land, the proposed disposal represents an opportunity for the group to realise the value of the land and unlock capital resources from being tied up as long-term assets,” it said in a filing with Bursa Malaysia today.

It said the exercise would strengthen the company’s liquidity and financial position and proceeds derived from the proposed disposal would be utilised as its working capital.

It added that the proposed disposal is expected to contribute positively to the earnings of the company for the financial year ending June 30, 2022.

At close, Pintaras Jaya shares was up by 0.78 per cent to RM2.60 with 6,900 shares transacted. — Bernama

A man holds a leaflet at a military veterans' job fair in Carson October 3, 2014. — Reuters pic

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BRUSSELS, March 31 — The unemployment rate in the eurozone dropped below seven per cent in February to its lowest level ever recorded, the EU’s official statistics agency said on Thursday.

Last month, 6.8 per cent of the workforce were without a job, down by 0.1 percentage point from January, Eurostat said in a statement.

The January figure was revised upwards fractionally from the 6.8 per cent originally reported.

Since December 2021, unemployment in the 19-member eurozone has been at the lowest levels since Eurostat began compiling the data in April 1998. — AFP