Scientex to acquire 37 land parcels in Penang for RM462.5mil

KUALA LUMPUR: Scientex Bhd’s wholly-owned subsidiary, Scientex (Skudai) Sdn Bhd, has entered into a conditional sale and purchase agreement with Land Capacity Sdn Bhd to acquire 37 parcels of freehold land in Penang for RM462.49 million.

In a filing with Bursa Malaysia today, the property developer said the proposed acquisition is expected to be completed in its entirety in the first half of next year.