GUH to build RM238m project in Seberang Perai

KUALA LUMPUR: GUH Holdings Bhd will undertake a mixed development project in Seberang Perai, Penang, with a gross development value of RM238 million, after its wholly-owned unit acquired a 99.46% stake in the firm holding the 46-acre (18.6ha) freehold land. “We are confident the proposed development on the land will be well received due to its strategic location and growing demand for affordable housing in mainland Penang,” GUH said in a filing with Bursa Malaysia yesterday. — by Jeffrey Tan

This article first appeared in The Edge Financial Daily, on May 20, 2014.

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