Tiong:
EVEN before small property developer Ecofirst Consolidated Bhd
has completed the acquisition of a 62-acre piece of land fronting the Middle Ring Road II at Ulu Kelang from Zurich Insurance (M) Bhd, it now has inked a deal to buy another 25 acres next to the 62-acre parcel.
It will be buying the 25-acre plot from large property player IGB Corp Bhd, which has a market cap of RM3.84bil. Ecofirst has a market capitalisation of a mere RM248mil.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!
