Crescendo in RM117mil land sale

PETALING JAYA: Crescendo Corp Bhd’s (CCB) 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 sq m, form part of the master development known as Nusa Cemerlang Industrial Park in Johor, a light and medium industrial park currently being developed by PID, said CCB in a filing with Bursa Malaysia.