Malaysia Property News is a free resource website sharing Daily Property News & information about Property in Malaysia, which related to, Property Market, Property Investment, Commercial Property , Hot Properties Malaysia, Real Estate, Retail Shop, Business Park, Condominium Malaysia, Terraces & Apartment Malaysia, Houses, Residence, Resort and many more.

Wednesday, April 18, 2012

Hua Yang buys over developer

PETALING JAYA: Hua Yang Bhd told Bursa Malaysia that it has acquired 1.32 million shares of RM1 each in Sunny Mode Sdn Bhd from Nestin Sdn Bhd, representing 40% of the issued and paid up of the latter, for RM3mil.

Sunny, a property development company, will become a wholly-owned subsidiary of Hua Yang after the proposed acquisition.

Sunny owns a vacant leasehold land measuring 28.5 acres located near Seremban, Negri Sembilan. The lease on the land is for 99 years expiring on June 5, 2107.

By The Star

No comments: