21 May 2012

Mah Sing buys 164.94 hectares of freehold land at Bandar Baru Bangi for RM 330.8 million cash

(MAHSING closing price today (21.05.2012) was RM 1.89)

Mah Sing Group Bhd's wholly-owned unit, Tristar Acres Sdn Bhd, has signed a sale and purchase agreement (SPA) with Boon Siew Development Sdn Bhd for the proposed acquisition of eight parcels of freehold land (land) for RM330.765 million cash.

In a filing to Bursa Malaysia today, Mah Sing said Tristar also signed another SPA with Wong Hong Foi @ Ho Hea Sia for the purchase of a piece of leasehold land for RM2.477 million (leasehold land) cash.

"The land, with total size of 164.94 hectares, is strategically located in Bandar Baru Bangi, with prime frontage of 2 km along both sides of the North South Expressway," it said. -- BERNAMA

Source: www.btimes.com.my


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