KUALA LUMPUR: MMC Corp Bhd is selling another 11.07 cares of land in Senai Airport City (SAC) to Shengda New Energy Sdn Bhd, as the Chinese-based company seeks to expand its solar system manufacturing facility in Johor.
MMC told Bursa Malaysia today that a unit of wholly owned Senai Airport Terminal Services Sdn Bhd has entered into a deal with Shengda to dispose the vacant industrial land for RM24mil.
"Shengda investment into SAC is for the purpose of its long term expansion plan for manufacturing of solar tracker slew gear (tracking driver), solar cleaning robots and power station demonstration project as well as research and development testing lines for battery energy storage," MMC said.
On Nov 11, Shengda had acquired 11.07 acres in SAC.
"Shengda’s aggregate total purchase consideration in SAC is valued at RM48.2mil," MMC said.
Apart from the above disposals, the Senai airport operator had on Feb 26 entered into deals with electrical & electronic (E&E) companies for the disposal of a total three parcels of vacant industrial lands measuring 21.36 acres for RM46.5mil.
The remaining vacant industrial lands available for sale in SAC is approximately 887.50 acres.