KUALA LUMPUR: Seacera Group Bhd, through its wholly owned unit Seacera Properties Sdn Bhd, is buying a 55.2ha freehold land in Ulu Semenyih, Selangor, from Duta Skyline Sdn Bhd for RM78.13 million.
It plans to develop a mixed development project on the land, which will be bought using internally generated funds and bank borrowings.
Seacera told Bursa Malaysia that the proposed land acquisition is not expected to have an immediate or material effect on the group’s earnings for the financial year ending December 31 2012, but it is expected to contribute positively to the future earnings of the group.
By Business Times
Wednesday, April 11, 2012
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