SHL Consolidated Bhd
has entered into nine sale and purchase agreements (S&P) to buy 31.84ha adjacent to Bandar Sungai Long, Cheras, for a mixed development project with an estimated gross development value (GDV) of RM300mil.
The S&P was between its wholly-owned subsidiary, Sin Heap Lee Development Sdn Bhd (SHL Development) and five parties - Cheras Quarry Sdn Bhd, Cheras Quarry & Construction Sdn Bhd, Sri Semangkok Sdn Bhd, K.S Plantation Commodities Sdn Bhd and Rocketto Industries Sdn Bhd - for RM31.5mil cash, SHL Consolidated said in a statement. – Bernama
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