Sime Darby Property expands land bank

PETALING JAYA: Sime Darby Property Bhd has proposed to exercise a call option agreement by acquiring a parcel of 760.12 acres freehold land in Malaysia Vision Valley in Seremban, Negri Sembilan, for RM280mil, in a related-party transaction.

In a filing with Bursa Malaysia, the property group said its wholly owned subsidiary Sime Darby Property (MMV Central) Sdn Bhd yesterday entered into a sale and purchase agreement with Kumpulan Sime Darby Bhd (KSDB) for the proposed transaction.

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