AEON Co acquires land for RM36.019m
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AEON Co acquires land for RM36.019m
Jun 07, 2011
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AEON Co (M) Bhd has entered into a sale and purchase agreement with Asia Plywood Company Sdn Bhd to acquire a piece of freehold land in Sungai Petani, Kedah, for RM36.019 million.
The acquisition is expected to be completed within 30 months and contribute positively to the business in future, AEON Co said in a filing to Bursa Malaysia, Friday.
It said the land would be used for constructing a shopping centre and operating the business of a shopping centre and departmental store cum supermarket.
AEON said the acquisition would accelerate the expansion of its retail business. - Bernama
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