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NewsAeon buys 7.37ha lands in Kulai for RM22.22m for shopping centre
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Aeon buys 7.37ha lands in Kulai for RM22.22m for shopping centre
by hlk Wed 21 Dec 2011, 21:57
Larger Smaller Reset KUALA LUMPUR (Dec 21): Aeon Co (M) Bhd is acquiring
two pieces of freehold land in Kulai for RM22.22 million as part of its
strategy to expand its retail business.
It said on Wednesday
that it had entered into a sale and purchase agreement with Genting
Property Sdn Bhd to acquire the freehold lands measuring a total 7.37ha
for the purpose of operating a business of shopping centre with car
parks and departmental stores cum supermarket.
'The acquisition
is in line with Aeon's corporate strategy of accelerating the expansion
of its retail business through opening of new shopping centres and
outlets.
'The acquisition is expected to contribute positively to Aeon's business in future,' it said.
two pieces of freehold land in Kulai for RM22.22 million as part of its
strategy to expand its retail business.
It said on Wednesday
that it had entered into a sale and purchase agreement with Genting
Property Sdn Bhd to acquire the freehold lands measuring a total 7.37ha
for the purpose of operating a business of shopping centre with car
parks and departmental stores cum supermarket.
'The acquisition
is in line with Aeon's corporate strategy of accelerating the expansion
of its retail business through opening of new shopping centres and
outlets.
'The acquisition is expected to contribute positively to Aeon's business in future,' it said.
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