COVID–19 NEWS   COVID: Rise in new infections, drop in death cases last week - Health DG | South Korea‚Äôs COVID-19 vaccine candidate inches closer to launch after experts' approval Recommendation | More than 16 million adults in Malaysia given the COVID -19 booster dose | Lebanon faces new wave of COVID-19: Ministry | Malaysia, India agree on mutual recognition of COVID-19 vaccination certificates | 

EUPE Corp's subsidiary to acquire leasehold land in KL for RM125 mln

23/05/2022 09:50 PM

KUALA LUMPUR, May 23 (Bernama) -- EUPE Corporation Bhd through its indirect wholly-owned subsidiary, EUPE Belfield Sdn Bhd (EBSB), has entered into a conditional agreement to buy a parcel of leasehold land measuring 1.95 hectares in Kuala Lumpur from Cahaya Tinggi Sdn Bhd for RM125 million.

In a filing with Bursa Malaysia, the Kedah-based property developer said it planned to undertake a high-rise residential development on the land, which is located along Jalan Damansara and Jalan Belfield within the residential development of Kampung Attap.

“The proposed acquisition is in line with the group’s business expansion objective and growth strategy in accumulating new suitable land to be included in the group’s landbank and to scale up its property development portfolio to generate additional stream of income for the group moving forward,” it said.

However, EUPE Corp said it is still unable to affirm the details of the said development at this juncture, which include, amongst others, the timeframe for completion, development costs and eventual funding requirements as such plan is still at the preliminary stage.

Nevertheless, it said the board is optimistic that the proposed acquisition represented an opportunity for the company to own the entire interests of land in a strategic location with strong growth potential to enhance the gross development value of the company’s development projects, which is expected to provide greater sustainability for its future earnings


Bernama is the trusted source of reliable real-time comprehensive and accurate news for both the public and media practitioners. Our news is published at ; BERNAMA TV on: Astro Channel 502, unifi TV Channel 631, MYTV Channel 121 IFLIX; and Bernama Radio broadcasting locally on FM93.9 in Klang Valley, Johor (FM107.5), Kota Kinabalu (FM107.9) and Kuching (FM100.9).

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter :, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2022 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy