Ewein subsidiary buying Penang land for RM2.8b (Update)

KUALA LUMPUR: Ewein Bhd’s subsidiary is buying 50 acres of land at Bandar Tanjong Pinang, Penang for RM2.83bil for a proposed “Wellness City of Dreams” resort.

Ewein said on Dec 28 last year, Consortium Zenith had signed a sale and purchase agreement with Ewein Zenith II Sdn Bhd, a 60% subsidiary of Ewein to dispose all that piece of freehold land in Section 1, Bandar Tanjong Pinang.