YTL TAKES FULL CON­TROL OF SENTUL RAYA FOR RM252.42M

The Sun (Malaysia) - - SUNBIZ -

PE­TAL­ING JAYA: YTL Land & De­vel­op­ment Bhd has bought over the re­main­ing 30% stake in Sentul Raya Sdn Bhd from KTMB (Sentul) Sdn Bhd and Kere­tapi Tanah Me­layu Bhd, gain­ing full con­trol of the prop­erty de­vel­oper for RM252.42 mil­lion. YTL Land said the move gives it the op­por­tu­nity to con­sol­i­date Sentul Raya Group’s earn­ings. “Given the strate­gic lo­ca­tion of the prop­er­ties owned by Sentul Raya Group to­gether with their largely free­hold tenures and the de­vel­op­ment plans, the man­age­ment of YTL Land is of the view that Sentul Raya will con­tinue to be able to achieve sat­is­fac­tory per­for­mance from its prop­erty de­vel­op­ment ac­tiv­i­ties,” it said.

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