PETALING JAYA: PBA Holdings Bhd
’s unit has secured state approval to alienate a 4.11-acre plot in George Town, Penang for RM20mil, following a successful appeal to lower the land premium from RM55.38mil, to pave the way for the development of water infrastructure facilities in Penang.
In a filing with Bursa Malaysia, the water utility said in 2022, the company’s wholly-owned subsidiary, Perbadanan Bekalan Air Pulau Pinang Sdn Bhd (PBAPP) made an application to the state authority for the alienation of the 4.11 acres of reclaimed land (plot B), for the construction of a pump house, submarine pipelines maintenance, and future water infrastructure projects.
