Ivory to sell land in Penang for RM150mil


PETALING JAYA: Ivory Properties Group Bhd is planning to dispose 21.78ha of freehold land in Penang to Jesselton Peak Sdn Bhd for RM150mil.

According to a filing with Bursa Malaysia yesterday, Ivory Indah Sdn Bhd (IISB), a wholly owned subsidiary of Ivory Properties, has signed a sale and purchase agreement with Jesselton Peak for the disposal of the land.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

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 , Ivory Properties , disposal , 5175

   

Next In Business News

Dollar lingers at six-month peak as US inflation comes in focus
China unveils tax incentives to revive struggling property sector
MClean Technologies gets Bursa Securities nod for proposed private placement
Scientex's subsidiary proposing to establish RM1.5bil sukuk wakalah programme
Aizo secures RM24.1mil infrastructure contract
Ringgit continues to end lower vs US dollar
Pasdec to dispose of industrial land for RM73.5mil
Uzma gets integrated well continuity services contract from PETRONAS
Dayang Enterprise secures two contracts from PETRONAS Carigali
VSTECS optimistic about 4Q, expects strong FY24 finish

Others Also Read