PPB buys out LTAT stake in developer Hillcrest

By Izwan Idris

KUALA LUMPUR: PPB Group Bhd, the company controlled by billionaire Robert Kuok, has agreed to acquire Armed Forces Fund Board entire 16.8% stake in property developer Hillcrest Gardens Sdn Bhd for RM59mil cash.

The purchase price is a 76% premium over Hillcrest's audited consolidated net assets as at Dec 31, 2017.

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Monthly Plan

RM 13.90/month

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RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

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