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S P Setia to unlock value with RM157 mil Johor land sale to Mah Sing

S P Setia through its indirect wholly-owned subsidiary, Pelangi Sdn Bhd – has entered into a conditional sale and purchase agreement with Dsara Sentral Sdn Bhd ,a wholly-owned subsidiary of Mah Sing Group Bhd – to dispose its 5.99-acre freehold, commercial parcel at Taman Pelangi in Mukim Plentong, Johor Bahru for a cash consideration of RM156.8 million.

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