Land sale deal extended

IRIS Corp Bhd and Mapletree Industrial Fund Ltd have agreed to extend the deal to sell two plots of land with a building at Technology Park Malaysia.

The parties now agreed that negotiations to seal the sale and purchase agreement of the land and a four-and-a-half storey block be extended to November 18 this year from August 19 originally.

According to the plan first announced in 2007, Iris would sell the land to Mapletree before leasing them back.

By Business Times