PETALING JAYA: S P Setia Bhd has completed the disposal of its 960-acre land parcel in Tebrau, Johor to Senibong Island Sdn Bhd, in a cash deal worth RM564mil.
The group said the transaction, conducted through its subsidiary Pelangi Sdn Bhd, has strengthened the company’s financial standing and is expected to contribute to an after-tax profit of RM332mil.
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