Mah Sing unit to buy land in Old Klang Road for RM112.97m

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KUALA LUMPUR, Nov 7 — Mah Sing Group Bhd’s wholly-owned unit Major Land Development Sdn Bhd has entered into a sale and...

Mah Sing said M Aurora marks the group’s fourth land acquisition this year, and the company intends to fund the costs and expenses of the proposed acquisition and development through internally generated funds and bank borrowings.“Barring any unforeseen circumstances, the proposed acquisition is expected to be completed in the first half of 2025,” it said, adding that the exercise is expected to contribute positively to the group’s future earnings.

KUALA LUMPUR, Nov 7 — Mah Sing Group Bhd’s wholly-owned unit Major Land Development Sdn Bhd has entered into a sale and purchase agreement with Pink Forest Sdn Bhd for a proposed acquisition of 2.12 hectares of freehold land along Old Klang Road for RM112.97 million.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Pink Forest Sdn Bhd Old Klang Road M Aurora Major Land Development Sdn Bhd Mah sing group bhd

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 14:10:32 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 183 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Malay Mail

News ID: 23458911

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