Supermax’s unit aborts plan to acquire land

In a filing with Bursa Malaysia, Supermax said the proposed acquisition of the land by Maxter was subject to and conditional upon obtaining Economic Planning Unit’s (EPU) approval. It noted that the total deposit, including the stamp duty, was duly refunded to the company on Jan 27, 2022, and the caveat on the two land parcels has been withdrawn effective Jan 31.

KUALA LUMPUR: Supermax Corp Bhd’s unit Maxter Glove Manufacturing Sdn Bhd (Maxter) has scrapped its plan to acquire two parcels of land from S P Setia Bhd’s subsidiary, Bandar Setia Alam Sdn Bhd.

In a filing with Bursa Malaysia, Supermax said the proposed acquisition of the land by Maxter was subject to and conditional upon obtaining Economic Planning Unit’s (EPU) approval. It noted that the total deposit, including the stamp duty, was duly refunded to the company on Jan 27, 2022, and the caveat on the two land parcels has been withdrawn effective Jan 31.