Business

Saturday June 6, 2009

Plenitude to buy Intisari for RM25m


KUALA LUMPUR: Plenitude Bhd unit Plenitude Permai Sdn Bhd (PPSB) has agreed to buy the entire equity interest in Intisari Sanjung (M) Sdn Bhd for RM24.5mil cash.

Intisari is the registered proprietor and beneficial owner of 327 separate parcels of leasehold land in Dengkil, Selangor, Plenitude said in a statement. The land, Intisari’s core asset, was next to PPSB’s existing ongoing mix development project at Taman Putra Prima, it said.

Plenitude said the proposed acquisition would provide the group synergy in its property development activities where Intisari was expected to contribute positively to its revenue and profit in the future years.


PLENITU : [Stock Watch] [News]

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