LSH Capital gets another extension to sign RAC land development deal

PETALING JAYA (July 10): Lim Seong Hai Capital Bhd (LSH Capital) said Perbadanan Aset Keretapi (RAC) had agreed to a further extension of time until July 15, 2026 for the signing of the agreement relating to the proposed development of two parcels of land in Selangor.

In a Bursa Malaysia filing yesterday, LSH Capital referred to its earlier announcements on May 15, May 28 and June 24, 2026 regarding the proposed development of two parcels of land measuring about 17.4 acres in Daerah Petaling, Mukim Pekan Country Heights, Selangor, which are owned by RAC.

The company said RAC had on July 8, 2026 agreed to extend the deadline for signing the agreement to July 15, 2026. Apart from the extension of time, all other terms and conditions in the Letter of Offer remain unchanged.

LSH Capital said further announcements will be made to Bursa Malaysia upon the finalisation and execution of the Agreement, or as and when there are material updates on the proposed development.

Editor’s note: The precise title numbers and lot numbers are usually kept confidential until the definitive sale and development agreement is fully executed. Since this current announcement is an extension to sign that exact definitive agreement (moving the deadline to July 15, 2026), those technical asset details will likely be made public in the detailed circular issued to shareholders once the signing takes place.

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