The acquisition would be satisfied with RM67.45mil in cash and the rest via the issuance of new units in Al-Aqar, said the real estate investment trust company in a filing with Bursa Malaysia yesterday.
The properties consist of an integrated gated premium residential estate for older people including an aged care complex with care facilities, 23 units of independent living villas and 32 units of independent living apartments as well as portions of undeveloped land.
By Bernama
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