Hua Yang director buys two One South units

KUALA LUMPUR: Hua Yang Bhd's unit Prop Park Sdn Bhd had sold two retail shops at its One South development in Seri Kembangan to the group's chairman Tan Sri Dr Ting Chew Peh and his wife for RM2.72 million.

Prop Park had entered into the recurrent related party transaction on Mar 7, the group announced to Bursa Malaysia on Tuesday, Mar 15.

The price represented a 5% discount from the current market price and is in line with the discount employees and directors of the group are entitled to, it said.

One South is an integrated retail, office and residential development which will be built on 17.89 acres of leasehold land and has a gross development value of RM750 million.