KUALA LUMPUR: Investment holding company Gadang Holdings Bhd has obtained shareholders' approval for its proposal to buy 25.43 ha of freehold land in Semenyih from Sementar Properties Sdn Bhd for RM95.8mil in cash.
Managing director Ling Hock Hing told Bernama the acquisition by its indirect wholly-owned subsidiary Crimson Villa Sdn Bhd would enable Gadang to build a mixed development of residential units and shop offices.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!