Teladan Setia proposes RM48.5mil purchase of Melaka land for mixed-development


KUALA LUMPUR: Teladan Setia Group Bhd's wholly owned subsidiary Asal Harta Sdn Bhd has proposed to acquire 7.54 acres of leasehold land in the Central Melaka district for RM48.5mil.

The group said the proposed purchase, which is expected to be completed by the fourth quarter of 2023, will be funded with a combination of bank borrowings and internally generated funds.

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