Teladan Setia acquires land for RM24mil

PETALING JAYA: Teladan Setia Group Bhd (TSG) is proposing to acquire a piece of freehold vacant land in Negri Sembilan for RM24.12mil.

In a filing with Bursa Malaysia, TSG said its wholly-owned subsidiary Pavilion Link Sdn Bhd had entered into a sale and purchase agreement with Complete Achievement Sdn Bhd for the acquisition.

“The proposed acquisition of land is planned for mixed development. This is in line with our strategy of replenishing our land bank at locations with strong growth potential and to scale up our property development activities to generate long-term sustainable income.”