Kelington in Terengganu govt land deal

PETALING JAYA: Kelington Group Bhd, via its 90.71% owned subsidiary, Ace Gases Sdn Bhd, has entered into an agreement with Terengganu State Economic Development Corp to lease a parcel of land measuring 130,678.86 sq ft in Kerteh, Terengganu.

Under the agreement, the group will lease the parcel of land for an initial term of 30 years, with a further 30-year extension option (30+30), starting from Feb 1, 2024 to Jan 31, 2084.