SEACERA UNIT BUY­ING DUTA NILAI FOR RM165.1M

The Sun (Malaysia) - - SUNBIZ -

KUALA LUMPUR: Seacera Group Bhd’s unit, Seacera Prop­er­ties Sdn Bhd, is ac­quir­ing 1.5 mil­lion shares of RM1 each in Duta Nilai Hold­ings Sdn Bhd for RM165.1 mil­lion. Duta Nilai is the hold­ing com­pany of Duta Sky­line Sdn Bhd, which owns 101.27ha of land in Se­menyih, Se­lan­gor. Seacera Prop­er­ties en­tered into a sale and pur­chase agree­ment with Ismail Oth­man and Zainab Man­sor yes­ter­day. The RM165.1 mil­lion will be sat­is­fied partly via the is­suance of 90 mil­lion new shares of RM1 each in Seacera and the rest via a de­ferred cash pay­ment of RM75.1 mil­lion. The deal will en­able it to speed up its prop­erty de­vel­op­ment ac­tiv­ity, Seacera said in its fil­ing with Bursa Malaysia. – Ber­nama

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