China-based group offers RM382mil to buy Avillion Port Dickson

KUALA LUMPUR: Avillion Bhd said it has received an unsolicited RM382mil offer from Guangxi East Hangyang Investment Group purchase its hotel and land in Port Dickson, Negeri Sembilan.

The company told Bursa Malaysia today that the indicative price mentioned in Guangxi East Hangyang's letter of offer dated Feb 21 is subject to due diligence and final agreements such as land purchase agreements to be signed.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Avillion , hotel , Port Dickson


Next In Business News

World Bank's Malpass says war in Ukraine may trigger global recession Premium
Oil edges higher on tight supply, rising US refining activity Premium
Global shares rise after Fed meeting notes hint at future rate hikes Premium
Higher food prices fuel concerns Premium
ECB warns of corporate weakness amid slower growth Premium
Matrix FY22 new property sales at all-time high Premium
Foreign-exchange losses affect Axiata 1Q results Premium
SDP on track to sustain profitability Premium
Insight - World’s richest country has no concept of wealth Premium
Insight - Russian oil’s Achilles’ heel – insurance Premium

Others Also Read