Singapore's famed shopping giant - Mustafa Centre - to open flagship store in Johor Bahru

SINGAPORE, Jan 28 (Bernama): Singapore’s famed Mustafa Centre, operated by Mustafa’s Pte Ltd (Mustafa) is set to open its flagship store in Johor Bahru, Malaysia soon.

This is following the announcement made by Capital World Ltd (Capital World) that it will sell most of the space, including retail units at its Capital City Mall, Johor Bahru to Mustafa for RM368 million -- a move that will significantly bolster the property developer’s balance sheet and fast-track its turnaround.