KUALA LUMPUR: KrisAssets Holdings Bhd is proposing to acquire 100% equity interest in Mid Valley City Gardens Sdn Bhd for RM215.71 million from IGB Corp Bhd.
In a statement to Bursa Malaysia on Friday, Mar 25, KrisAssets said it intended to finance the proposed acquisition from internally generated funds and/or borrowings.
The acquisition will enable KrisAssets to acquire The Gardens Mall, which is adjacent to the Mid Valley Megamall, presently owned by KrisAssets.
It will substantially increase the net lettable area of KrisAssets' retail assets and upon completion of the proposed acquisition, KrisAssets would own two prime retail properties in the city. — Bernama
TOP PICKS BY EDGEPROP
Factory for Sale Bandar Baru Sungai Buloh
Sungai Buloh, Selangor
2 Storey Bungalow @ Amandarii Anjung Residensi
NEW 1 Sty SEMI D Seksyen U14 Booking RM500 Only
Shah Alam, Selangor
Merbau Jaya, Rumah Berkembar Setingkat
Kuala Ketil, Kedah
0 Booking , 30K Cash Back , Freehold Condo
Nilai, Negeri Sembilan
(CMCO Offer) 5R6B Villa Style Super Link, Puchong
[RENTAL GET RM 3000 READY TENANT 2020 NEW PROJECT]
Ambang Botanic 2 and half Storey Link house
Bandar Botanic/Bandar Bukit Tinggi, Selangor