KUALA LUMPUR: Global Oriental Bhd
has proposed to acquire 279.86 acres in Bentong, Pahang, where it sees potential for “resort-like residential and commercial development”. for RM170.67mil.
The property developer told Bursa Malaysia that its 51% owned subsidiary Sering Manis Sdn Bhd had signed a conditional agreement with Panji Selera Sdn Bhd to buy the land, which it said was surrounded by lush greenery and in close proximity to Genting Highlands.
The freehold land is about 4 km from the turn-off to the Genting Highlands and 11km from the peak of Genting Highlands.
“In view of the strategic location and good development potential of the land, the proposed acquisition is expected to contribute positively to the future earnings of Global Oriental group,” it said.
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