EcoWorld Malaysia inks deal to acquire land in Selangor for RM742.4mil

https://www.thestar.com.my/business/busines...r-for-rm7424mil

These include the entry by its 81 per cent-owned subsidiary, Mutiara Balau Sdn Bhd (MBSB), into two conditional sale and purchase agreements (SSAs) to acquire the land, measuring 342.87 hectares, for RM742.4 million. The remaining 19 per cent in MBSB is owned by BProp.

In a filing with Bursa Malaysia today, EcoWorld Malaysia said the acquisition is expected to be completed by the first half of 2025.

"The proposed land acquisition is to be developed into a mixed residential and commercial development known as Eco Forest 2.

This post has been edited by mascot_lim: Nov 7 2024, 04:09 PM