Ageson disposes of land to Kobena


PETALING JAYA: Ageson Bhd’s 99% owned subsidiary, Solidvest Properties Sdn Bhd, has inked a memorandum of understanding with Koperasi Belia Nasional Bhd (Kobena) to sell a 9.325-acre tract of land in Gombak, Selangor, for RM35mil cash.

In a filing with Bursa Malaysia yesterday, Ageson said Kobena intends to appoint Solidvest as the developer for a proposed residential development on the land comprising of 56 semi-detached houses and four bungalows.

The project’s gross development value is estimated at RM85.2mil while the estimated gross development cost is RM41.2mil, which will be jointly financed by Solidvest’s collaboration partner, ShuangLing Holdings Ltd.

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Business News

SMRT proposes to acquire remaining stake in NTS for RM72mil
MNRB records higher 3Q net profit of RM71.23mil
Ringgit ends lower as US non-farm payrolls shocks Asian foreign exchange
Willowglen secures RM11.92mil contract in Singapore
RHB revise upwards 2022 GDP growth forecast to 8.5%
Aemulus posts net loss of RM4.8mil in 1Q
KLCI tumbles 14.09 points, 730 stocks in the red
AirAsia to lease 15 new planes to meet demand driven by China's reopening
BP profit soars to record US$28bil, dividend increased
Bed Bath & Beyond's road to potential bankruptcy

Others Also Read