Parkson unit sells KL mall for RM349mil

KUALA LUMPUR : Festival City Sdn Bhd (FCSB), a wholly-owned subsidiary of Parkson Holdings Bhd, has entered into a conditional sale and purchase agreement with Festiva Mall Sdn Bhd and AsiaMalls Sdn Bhd to dispose of KL Festival City Mall for RM349mil cash.

KL Festival City Mall is a property owned by FCSB.

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Billed as RM 103.60 for the 1st year, RM 148 thereafter.

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