Mah Sing’s KL land buy fuels luxury ambitions

The sukuk is secured by assets owned by the company’s subsidiaries and designated accounts.

PETALING JAYA: Mah Sing Group Bhd’s latest acquisition of a freehold land parcel in Kuala Lumpur is expected to strengthen its presence in the city’s premium residential market, says TA Research.

The property developer acquired the 1.485-acre prime land from MUI Group for RM260mil, which will be funded through internally generated funds and bank borrowings.