PETALING JAYA: Crescendo Corp Bhd
(CCB) is disposing of freehold, agriculture land measuring approximately 22.548 acres in Johor Baru to Microsoft Payments (Malaysia) Sdn Bhd for RM119.83mil.
In a filing with Bursa Malaysia, CCB said the disposal will allow the group to unlock the value of the land at a reasonable price, after taking into consideration the marketability and prospects of the land and the challenges in negotiating terms and securing a buyer with strong credentials and financial capability to complete the sale of such sizeable land expeditiously.
