KUCHING: Samalaju Industries Sdn Bhd (SISB) could expect a net gain of RM21mil from the sale of some 350 acres (142h) of land in Samalaju Industrial Park to Malaysian Phosphate Additives (Sarawak ) Sdn Bhd (MPA).
The land will be sold for RM25mil under a sale and purchase agreement sealed last week. MPA will, in addition, reimburse SISB — a wholly-owned subsidiary of Cahya Mata Sarawak Bhd (CMS) — RM34.4mil being the land premium and costs related to land alienation.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
