Robert Kuok controlled PPB buys LTAT stake in Hillcrest

By Izwan Idris

Billionaire Robert Kuok controls PPB, which is buying the stake in developer Hillcrest Gardens.

PETALING JAYA: PPB Group Bhd, the company controlled by billionaire Robert Kuok(pic), has agreed to acquire the Armed Forces Fund Board’s (LTAT) 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

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

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

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Business , LTAT , PPB group , Hillcrest Gardens , Rober Kuok , billionaire ,

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