PETALING JAYA: Central Global Bhd
is acquiring three pieces of freehold residential land measuring 2,532 sq m in Ulu Langat, Selangor from Chew Hian Tat for RM3.67mil.
In a filing with Bursa Malaysia, Central Global said the acquisition provides an opportunity for the group to build its land bank for future property development activities and also to further its property development activities.
“The acquisition is estimated to be completed within three months from the execution of the agreements.”
Central Global said the acquisition is not expected to have any material effect on the earnings per share, net assets per share, gearing, share capital and substantial shareholders’ direct and/or indirect shareholdings of the company for the financial period ending June 30, 2025.
Chew, the beneficial and registered owner of the properties, is also the group managing director and major shareholder of Central Global.
