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Corporate News

Crescendo in RM132mil land disposal

PETALING JAYA: Crescendo Corp Bhd’s wholly-owned subsidiary, Panoramic Industrial Development Sdn Bhd, has agreed to sell 102,558 sq m of freehold industrial land in Pulai, Johor Baru to Microsoft Payments (M) Sdn Bhd for RM132.47mil or RM120 per sq ft.

In a filing with Bursa Malaysia, Crescendo noted the land was purchased for RM11mil on Dec 14, 2009.

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CrescendoCorp , LandSale , Microsoft , IndustrialLand , JohorBaru

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