Mah Sing plans to spend up to RM1bil to buy more land

From left: Mah Sing’s Executive Director of Corporate & Investment Datuk Steven Ng, Mah Sing’s Founder and Group Managing Director, Tan Sri Leong Hoy Kum and Mah Sing’s Chief Executive Officer, Datuk Ho Hon Sang at the company's AGM today.

KUALA LUMPUR: Property developer Mah Sing Group Bhd is prepared to spend up to RM1bil to acquire more land primarily within the Klang Valley for potential residential and industrial development.

Mah Sing corporate and investment executive director Datuk Steven Ng said the company is also able to leverage on its low gearing levels if it wanted to fork out more cash for land acquisition purposes.