KUALA LUMPUR (Aug 4): Ingenieur Gudang Bhd, formerly known as Dynaciate Group Bhd, is selling two parcels of leasehold industrial land with buildings back to former shareholder Dynaciate Engineering Sdn Bhd (DESB) for RM26 million.

The sale proceeds, according to the filing with Bursa Malaysia, will be mainly used to repay debts that the company owes to DESB.