5 pieces of land acquired for RM27.1m. AEON has entered into S&P agreements with Seroja Mulia SB, Antero Harapan SB and Kemboja Iringan SB for the purchase of approximately 17.3 acres of land, consisting of 3 pieces of leasehold lands and 2 pieces of state lands, located in Kinta, Perak (RM36psf) for cash consideration of RM27.1m. Following the completion of the acquisitions, AEON will be required to surrender the lands to the relevant authorities for the amalgamation / surrender and realienation of the lands into one piece of land, for the issuance of a separate document of title for AEON to construct a shopping mall. The purchase consideration will be financed through the group’s internally-generated funds.
AEON Co Bhd: Acquisition Of Land in Kinta, Perak For RM27.1m - 29/6/2010
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