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Scientex to buy Pulai land for mixed property development

Mimi Sabreena 4:04:00 PM Informasi

KUALA LUMPUR (Dec 15): Scientex Bhd is buying a 335.5686-acre piece of freehold land in Pulai, Johor for RM284.19 million cash, which it hopes to develop into a mixed property development.

Scientex said the proposed land acquisition will enable it to boost and expand on its existing landbank in Johor. "The land will also provide the group adequate landbank to sustain its property development over the medium and longer term," the company said in a Bursa Malaysia filing.

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