Crescendo to dispose of JB land for RM132.47mil

KUALA LUMPUR: Crescendo Corp Bhd's wholly-owned subsidiary Panoramic Industrial Development Sdn Bhd (PID) has entered an agreement to dispose of about 102,558.3sqm of freehold industrial land in Pulai, Johor Bahru, to Microsoft Payments (Malaysia) Sdn Bhd for RM132.47mil.

In a filing with Bursa Malaysia, the group said the disposal is on an "as is where is" basis, free from all and any encumbrances and with vacant possession, subject to pre-closing works, post-closing works and other terms and conditions of the sales and purchase agreement (SPA).