Matrix Concepts Unit Plans Johor Land Acquisition for RM 169.31 Million
Bitget2026/10/30 09:07- Matrix Concepts Holdings unit Matrix Concepts (Southern) plans to acquire 174.7749 hectares in Kulai, Johor, for RM 169.31 million.
- The freehold agricultural land is earmarked for mixed-use development with projected gross development value of RM 2.1 billion.
- Bank financing of approximately RM 143.9 million would cover 85% of the purchase consideration, with internally generated funds covering the balance.
- Group gearing is expected to rise to 0.49 times from 0.45 times upon acquisition completion and financing drawdown.
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