Fajarbaru to sell 44.44% stake in BFB Project for RM12.1mil

KUALA LUMPUR: Fajarbaru Builder Group Bhd’s wholly-owned subsidiary, Fajarbaru Land (M) Sdn Bhd (FLM) has entered into a share purchase agreement (SPA) with Mayfair International Investments Pty Ltd (MII) to dispose of 44.44% stake in BFB Project Pty Ltd for A$4.2mil (RM12.1mil).

The principal activity of the Australia-based BFB Project is property development.