Mah Sing Group Bhd has proposed to acquire two parcels of land measuring 8.2 acres with a potential gross development value of approximately RM726mil for RM85.9mil.
In a filing with Bursa Malaysia, the developer said its wholly owned subsidiaries, Supreme Springs Sdn Bhd and Legend Grand Development Sdn Bhd had entered into agreements with Millennium Acres Sdn Bhd for the acquisition.
Supreme Springs has entered into a conditional sale and purchase agreement (SPA) for the proposed acquisition of land in Puchong Perdana, Selangor measuring approximately 3.844 acres (Parcel 1) for RM40.18mil.
Meanwhile, Legend Grand has entered into a conditional SPA to acquire land measuring 4.369 acres (Parcel 2) in Puchong Perdana, Selangor for RM45.67mil.
image source: MahSing
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