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Scientex expands landbank in Iskandar Malaysia

KUALA LUMPUR: Scientex Bhd has expanded its landbank in Iskandar Malaysia with the acquisition of 19.6ha in Kulai, Johor, for RM28.5 million.

This latest acquisition brings the group’s total undeveloped land to 414.1ha, of which 372ha are located within Iskandar Malaysia.

The packaging manufacturer and property developer plans to launch new property projects with a gross development value of RM600 million in Johor and Melaka for the 2014 financial year ending July 31. — Bernama


This article first appeared in The Edge Financial Daily, on September 30, 2013.

 

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