Scientex set to gain from freehold land deal in Muar

Kenanga Research said the proposal would add to the pipeline of the company’s affordable housing offerings.

PETALING JAYA: Scientex Bhd’s proposed acquisition of a piece of freehold land in Muar, Johor, is seen as a favourable deal for the company.

Besides the attractive price, the exercise would enable the flexible plastic packaging and property group to expand its affordable housing foothold in Johor.