UNITED Malayan Land Bhd (UM Land), through wholly-owned subsidiary Dynasty View Sdn Bhd, has entered into a conditional sale and purchase agreement with Kelana Ventures Sdn Bhd to acquire 500 acres of freehold land in Tebrau, Johor Baru, for RM150mil cash.
The acquisition will be financed by a combination of internally generated funds and bank borrowings.
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