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.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!