Chemical Company of Malaysia Berhad (KLSE:CCM) will sell two non-core assets to further reduce company's debt exposures. Two assets are 7.2 hectares of industrial land in Nilai, Negri Sembilan and 8.45% interest in PanGen Biotech Inc. (KOSDAQ:A222110). Nik Fazila Nik Mohamed Shihabuddin, Managing Director of CCM said that company had identified potential buyers for PanGen stake and currently in negotiation stage, while the Nilai asset disposal is expected to be concluded in the second half of this year.