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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Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

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