Crescendo unit disposes of Johor land for RM315.17mil

KUALA LUMPUR: Crescendo Corp Bhd said its wholly-owned subsidiary Panoramic Industrial Development Sdn Bhd (PID) has inked a deal with Microsoft Payments (Malaysia) Sdn Bhd to dispose of 2.63mil sq ft of vacant freehold land in Pulai, Johor, for RM315.17mil cash.

The properties are located within a prime and mature industrial estate in Pulai and surrounded by a mix of residential, commercial and industrial developments, the company said in a stock exchange filing.