Opal Horizon in conditional S&P agreement


The acquisition is proposed to be settled through RM49mil in cash and the issuance and allotment of EcoFirst shares worth RM21mil.

PETALING JAYA: Ecofirst Consolidated Bhd’s wholly-owned subsidiary Opal Horizon Sdn Bhd has entered into a conditional sale and purchase agreement with Radiant Nature Sdn Bhd to acquire seven parcels of land in Mukim Sungai Buloh for RM70mil.

The acquisition is proposed to be settled through RM49mil in cash and the issuance and allotment of EcoFirst shares worth RM21mil.

The group felt it is an opportune time to increase its landbank within an area currently being developed to incorporate a MRT2 station.

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