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Mah Sing Shareholders Approve MYR274 Million Land Acquisition in Johor, Malaysia

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Mah Sing Group (KLSE:MAHSING) shareholders approved the proposed acquisition of about 419.17 acres of freehold land in Johor, Malaysia, at an extraordinary general meeting on Wednesday.

The land will be acquired by the company's unit, M Industrial Development, from Aura Muhibah for 273.9 million ringgit in cash, the filing said.

Mah Sing plans to develop the site into MS Industrial Park @ Kulai, an integrated industrial development with an estimated gross development value of 2.26 billion ringgit.

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