MUI Properties sells land in Negeri Sembilan for RM80.8mil


PETALING JAYA: MUI Properties Bhd (MUIP) is disposing of 53 acres out of 79 acres of land in Bandar Springhill, Port Dickson, Negeri Sembilan, to Antmed Malaysia Sdn Bhd for RM80.80mil.

In a filing with Bursa Malaysia, MUIP said the proposed disposal is aimed at developing Bandar Springhill into a leading medical hub by leveraging Antmed's expertise and resources.

“Antmed's presence could attract other healthcare-related investments, creating a robust ecosystem.

“Their involvement will serve as a catalyst for further development and growth, spurring infrastructure improvements, job creation and economic activity, thereby contributing to the overall development of Springhill.”

MUIP said this aligns with the long-term vision of establishing Bandar Springhill as a leading medical hub by partnering with a capable entity to drive significant growth and development in the healthcare sector.

“The proposed disposal is expected to improve the earnings and earnings per share of MUIP for the financial year ending June 30, 2026 as a result of the gain on disposal (after taxation and non-controlling interest) of approximately RM7.56mil.”

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