Plenitude buys Gurney Resort Hotel & Residences in Penang


PETALING JAYA: Plenitude Bhd’s wholly-owned subsidiary Plenitude International Sdn Bhd has entered into a sale and purchase agreement with the Employees Provident Fund (EPF) for the proposed acquisition of a 259-suite hotel, known as the Gurney Resort Hotel & Residences in Penang, for RM160mil.

In a filing with Bursa, Plenitude said Gurney Resort Hotel formed part of Menara Gurney, which is a 37-storey building with one basement level, a hotel along with retail and office components.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Plenitude , Penang , Gurney , acquisition , Rm160mil

   

Next In Business News

Surplus will remain the buzzword for oil markets in 2025 despite OPEC+ move
BOJ debated need for caution in raising rates, Oct minutes show
Tuju Setia jumps 18% on RM389mil construction contract
Amicorp Group denies alleged fraud of over US$7bil in 1MDB scandal
FBM KLCI up in early trade, tracking Wall Street gains
Ringgit edges higher against US dollar despite stronger dxy
Trading ideas: Capital A, Tuju Setia, TNB, Coastal Contracts, DNeX, Powerwell, TM, MFM
Wall Street ends higher on gains by most megacaps
Hedge funds cut exposure to nuclear power stocks
Honda-Nissan merger driven by China threat

Others Also Read