Apex Equity selling land formerly planned for RM86.5mil project

KUALA LUMPUR: Apex Equity Holdings Bhd (Apex), which last week announced the disposal of four parcels of freehold land in Shah Alam for RM37 million, had initially planned a project with an estimated gross development value of RM86.5 million on the land.

The project was to involve the development of 61 units of shoplots, the company said in a filing with Bursa Malaysia today to provide additional information on the proposed disposal.