Mah Sing boosts land bank with purchase of Cosmowealth

PETALING JAYA: Mah Sing Group Bhd has acquired 78% of Cosmowealth Housing Development Sdn Bhd for RM54.96mil, to be paid over six years.

Mah Sing said RM6.56mil was paid upon signing of the agreement, with the balance consideration payable on a deferred payment basis over a period of 72 months.