Scientex aggressively expanding land bank


  • Business
  • Saturday, 15 Jun 2019

PACKAGING materials maker and property developer Scientex Bhd is aggressively stocking up on its land bank, at a time when most developers are taking it slow when it comes to acquiring and developing land due to the overhang in properties.

Scientex has been on an acquisition mode in recent years and would now have a landbank of 3,611 acres, after the completion of its latest purchases of six parcels of land in Penang, measuring 179.7 acres for RM109.59mil.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!
   

Next In Business News

MAB Engineering secures country's first aircraft maintenance digital certification
Microsoft to invest US$2.2bil in cloud and AI services in Malaysia
Agricore inks underwriting deal with M&A Securities
Malaysia's manufacturing PMI rises to 49.0 in April, suggesting improved GDP growth - S&P Global
DBS quarterly results trounce forecasts, another record year expected
Ringgit opens slightly lower against US$ as Fed leaves rate unchanged
F&N sees strong consumer demand
Soft start on Bursa following Fed comments
Trading ideas: Duopharma, Bursa Malaysia, SEGi, Capital A, Rimbunan Sawit, Tasco, Atrium REIT, KSL, GUH, Mentiga and F&N
Recto pegs 1Q GDP growth at below 6%

Others Also Read