Longhorn Publishers Ltd. (NASE:LKL.O) is looking to sell its head office for KES 500 million. Sale of the 2.2-acre land in Nairobi’s Industrial Area is expected to be concluded in 6 months to 12 months. “Subject to the company complying with all relevant laws and regulations, the shareholders of the company do hereby approve and authorize the sale, of all that property known as LR 209/5604,” reads a special resolution to be put before Longhorn’s shareholders at the October 28, 2016, annual general meeting. Simon Ngigi, Chief Executive Officer of Longhorn said, the land sale is informed by the need to increase investments in higher-return publishing fields. “The land sale is part of our strategy to get rid of idle assets. We have more opportunities in our publishing business that will generate higher returns faster than just holding the property," he added.