UEM, AME sign HOA on RM434.3mil land disposal in Iskandar Puteri

KUALA LUMPUR: UEM Sunrise Bhd and its wholly owned units have entered into heads of agreement with subsidiaries of AME Elite Consortium Bhd for the proposed disposal of 72 freehold industrial plots measuring 169.8 acres in Iskandar Puteri, Johor, for a total sum of RM434.3mil

In the first agreement, UEM Land Bhd and Nusajaya Heights Sdn Bhd agreed to the proposed disposal of 69 industrial plots to Pentagon land Sdn Bhd and Greenhill SILC Sdn Bhd for a total purchase consideration of RM416.1mil.