Scientex set to expand land bank in Johor

PETALING JAYA: Scientex Bhd has proposed to buy 326 acres of freehold land in Pulai, Johor, for RM219mil cash via its unit to expand the group’s land bank in the state.

In its filings with Bursa Malaysia, the packaging manufacturer said its wholly owned subsidiary, Scientex Quatari Sdn Bhd, had entered into conditional sale and purchase agreements with Bukit Gambir Co Sdn Bhd and Jayaplus Bakti Sdn Bhd to acquire 252 acres and 74 acres of land, respectively.