PETALING JAYA: Ge-Shen Corp Bhd
will no longer proceed with the sale of five pieces of freehold land in Johor Bahru after its intended buyer, Plastico Sdn Bhd, failed to secure financing to complete the RM35mil deal.
In February this year, Ge-Shen Corp, through its wholly-owned subsidiary Ge-Shen Plastic (M) Sdn Bhd, said it is looking to sell five pieces of freehold land in Johor Bahru, with an aggregate size of 4.61 acres, for RM35mil in cash.
