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Tuesday, June 16, 2009

Mah Sing buys land next to Sri Pulai Perdana 2

MAH Sing Group Bhd has bought a 2.3ha freehold land next to its existing Sri Pulai Perdana 2 project for about RM2 million.

This brings the total land size of Sri Pulai Perdana 2 in Johor Baru to about 29ha, with RM225 million estimated gross development value.

“The increase in gross development value of Sri Pulai Perdana 2 arising from future development on the (purchased) land is expected to enhance the future profit and net assets of Mah Sing Group,” the company said in a statement to Bursa Malaysia.

By Business Times

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