Supermax's unit terminates land deal with S P Setia's subsidiary


KUALA LUMPUR: Maxter Glove Manufacturing Sdn Bhd (Maxter) has scrapped its plan to acquire two parcels of land from SP Setia Bhd’s subsidiary, Bandar Setia Alam Sdn Bhd.

In a Bursa Malaysia filing today, Supermax Corporation Bhd (Supermax) said the proposed acquisition of the lands by Maxter, its wholly-owned unit, was subject to and conditional upon obtaining Economic Planning Unit’s (EPU) approval.

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