CRESCENDO Corp Bhd’s wholly-owned subsidiary, Crescendo Landmark Sdn Bhd, has entered right into a conditional sale and buy settlement to amass two land parcels in Johor for RM72 million.
The parcels, totaling roughly 1.32 hectares, are positioned close to the Johor Bahru-Singapore Speedy Transit System (RTS) terminal in Bukit Chagar.
The acquisition is anticipated to profit from elevated financial actions and inhabitants development in Johor Bahru because of the seamless Johor Bahru-Singapore connection, finally contributing to the group’s long-term development in money flows and profitability.
CCB’s share worth closed at RM1.43, reflecting a 1.42% improve, with a market capitalisation of RM401 million. – TMR