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Corporate News 14 Apr 2021 | 9:01 PM

Widad to acquire Royal Malaysian Navy training centre maintenance firm in Johor for RM35mil

KUALA LUMPUR: The target company Palm Shore Holdings Sdn Bhd (PSH) has a RM291mil concession ending February 2040 to develop and to carry out maintenance works for an integrated training centre for the Royal Malaysian Navy at Sungai Lunchoo known as TLDM KD Sri Medini Complex. The company told Bursa Malaysia on Wednesday that it has entered into a Joint Venture Agreement (JVA) with Spate Precious Metals Sdn Bhd to undertake a gold mining project in Tanah Merah, Kelantan.Teladan Setia Group Bhd is buying 520 acres of land in Jasin, Melaka for RM95.1mil, increasing its total landbank 738.9 acres.