KUALA LUMPUR: OSK Properties Bhd (OSKP) has entered into a sale and purchase agreement with Kuala Dimensi Sdn Bhd for two parcels of leasehold commercial land in Bandar Shah Alam, Selangor, for RM15.2 million.
In a filing with Bursa Malaysia yesterday, OSKP said it is planning a commercial development comprising semi-furnished small-office-flexible-office units and two floors of commercial space.
The proposed development is expected to have an estimated GDV of RM190 million.
The acquisition was made through OSKP’s wholly owned subsidiary, Ribuan Ekuiti Sdn Bhd, and will be funded via internally generated funds and external borrowings.
This article first appeared in The Edge Financial Daily, on May 3 2013.
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