Azmi & Associates is pleased to share the news that we have successfully represented a banking group in an auction proceeding in Johor Bahru, securing a sale price of RM56.1 million.

The matter was entrusted to the firm in May 2025 and involved significant complexities. The Order for Sale had been obtained nearly a decade earlier, on 22 November 2015. Since October 2018, fourteen (14) auction attempts had been conducted under multiple previous solicitors, none of which resulted in a successful bidder.

Upon our appointment, Azmi & Associates secured the client’s desired reserve price of RM42 million. Leveraging the property’s strategic location and strong potential in Johor Bahru, together with extensive groundwork and strategic execution by the team, the auction ultimately concluded with a successful sale at RM56.1 million — representing an increase of RM14.1 million (33.6%) over the reserve price.

The matter was handled by Partners Abu Daud Abd Rahim and Dayang Roziekah Ussin, together with Senior Associates Chwa Ling Kiat and Nasbal Harun, and Associate Raezal Rahim under the overall supervision of our Senior Partner, Dato’ Azmi Mohd Ali.

Hence, all the banking organisations in Peninsular Malaysia, do consider our firm for your banking recovery and/or auction work.

Corporate Communications
Azmi & Associates
11 January 2026