The cash-strapped company's Limitless division is selling off its stake in a partnership with Malaysia's Bandar Raya Developments to develop waterfront land in the southern city of Nusajaya.

Limitless will generate about $23.8 million in the deal, according to a regulatory filing on Malaysia's stock exchange.

Limitless said in a statement Sunday that it continues “to review our business activity to reflect market conditions.” The company's parent Dubai World needs cash as it works to pay back $23.5 billion in debt.