PETALING JAYA: Eco World Development Group Bhd
(EcoWorld Malaysia) is selling freehold industrial land measuring 138.532 acres at Eco Business Park I in Iskandar Malaysia to Microsoft Payments (Malaysia) Sdn Bhd for RM693.96mil.
In a filing with Bursa Malaysia, EcoWorld Malaysia said part of the disposal price will be used to complete the remaining main infrastructure development on the land and to defray associated expenses for the proposed land sale, which are expected to be incurred within 24 months from the date of the sale and purchase agreement.
