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Mah Sing Group Arm to Sell Vacant Land Worth MYR618 Million

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Mah Sing Group's (KLSE:MAHSING) unit Southville City agreed to sell about 78.8 acres of freehold land in its Southville City township to WG Malaysia X for 617.9 million ringgit in cash, according to a Thursday Bursa Malaysia filing.

The land, priced at 180 ringgit per square foot, is being acquired for data center-related development.

Proceeds will be used for infrastructure works, disposal-related expenses, working capital, and future development and investment activities.

Mah Sing shares were up nearly 2% in recent trade.

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