Scientex Incorp Bhd’s 99.99% subsidiary Scientex Quatari Sdn Bhd has agreed to buy a 94.969-acre parcel of land in Johor from Kai Jin Development Sdn Bhd for RM10.45mil via internally generated funds and bank borrowings.
The acquisition was part of Scientex Quatari’s strategy to increase its land-bank and in line with the group’s strategy of acquiring strategically located prime land within Johor Baru for property development, it told Bursa Malaysia.
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