Crescendo unit to dispose of lands for RM117.02mil

KUALA LUMPUR: Crescendo Corp Bhd (CCB) has announced that its wholly-owned subsidiary Panoramic Industrial Development Sdn Bhd (PID) has entered into two conditional sales and purchase agreements to dispose of seven parcels of land to STT GDC Malaysia 2 Sdn Bhd for a combined value of RM117.02mil.

The seven parcels of land, measuring a combined 90,596.5 sqm, form part of the master development known as Nusa Cemerlang Industrial Park (NCIP) in Johor, a light and medium industrial park currently being developed by PID, said CCB in a filing with Bursa Malaysia.