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TA Global to sell undeveloped plots in Australia for RM832m

Mimi Sabreena 11:28:00 PM Informasi

KUALA LUMPUR (Aug 9): TA Global Bhd stands to gain A$102 million (approximately RM346.46 million) from selling off the remaining undeveloped land in its Little Bay Cove project, a 33.6 acre freehold residential development in New South Wales, Australia.

Its wholly-owned unit TA Little Bay Pty Ltd (TALBP) inked a put and call option deed today with Karimbla Properties (No 50) Pty Ltd to sell the property for A$245 million, or approximately RM832.2 million, the company announced in a Bursa Malaysia filing today.

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