Vestland to acquire properties worth RM25mil

PETALING JAYA: Vestland Bhd has entered into several sale and purchase agreements (SPAs) with Sg Besi Construction Sdn Bhd and Armani KPF2 Development Sdn Bhd for the acquisition of 16 properties, totalling RM24.99mil.

In a filing with Bursa Malaysia, the group said the deals were done through its wholly-owned subsidiary, Vestland Resources Sdn Bhd. Vestland inked 10 SPAs with Sg Besi Construction to acquire 10 office suites located at Shah Alam, Selangor for RM6.99mil.