The land will be sold for RM81.5 million or $24.8 million.
Koh Brothers Group will hold an extraordinary general meeting (EGM) on Sept 4 for the proposed disposal of land in Johor. The EGM will take place at the Raffles Town Club and shareholders will have till Sept 1 to lodge their proxy form.
The proposed sale was announced on Feb 24, when Koh Brothers’ indirect wholly-owned subsidiary, G & W Industries (M) Sdn Bhd, entered into a sale and purchase agreement (SPA) with an unrelated third party on Feb 21.
