Apex Equity to acquire property in The Horizon in Bangsar South for RM50mil

Quick Summary:

KUALA LUMPUR: Apex Equity Holdings Bhd's wholly-owned subsidiary Apex Development Sdn Bhd has inked a deal with Noah Foundation to acquire a parcel of boutique building in Phase 1 of The Horizon mixed-commercial development in Bangsar South, Kuala Lumpur, measuring about 54,876 sq ft in total floor area for RM50mil.

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It added that the proposed acquisition is expected to be funded via RM40mil in bank borrowings and RM10mil in internally generated funds.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChina

Topics: Apex Equity /Business/Business News The Horizon Bangsar South Acquisition Corporate News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-30 @ 13:08:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 124 words

Reading Time: 1 minutes read

Sentences: 5 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © The Star

News ID: 24732046

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