PETALING JAYA: Tanco Holdings Bhd told Bursa Malaysia that its wholly-owned subsidiary, Palm Springs Development Sdn Bhd, had entered a sale and purchase agreement with Nouvelle Hotel Sdn Bhd for the proposed disposal of 24 pieces of freehold and vacant land.
Under the agreement, Palm Springs Development will sell the approximately 4,814 sq m of land in Mukim Pasir Panjang, Port Dickson, for a cash consideration of RM3mil only.
Tanco and its subsidiaries are principally engaged in investment holding, provision of management services, properties development, management and operation of resorts, vacation ownership schemes and point-based schemes and investments properties.
By The Star
Wednesday, July 25, 2012
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