Inta Bina Group Berhad has entered into a sale and purchase agreement through its wholly owned subsidiary with QL Agrifoods Sdn Bhd a subsidiary of QL Resources for the purchase of a vacant freehold land located in Mukim Damansara, Bukit Jelutong measuring approximately 11,026 square meters for a total cash consideration of RM23 million.
The group said the purchase price will be funded via internally generated funds and bank borrowings, the proportions of which have yet to be determined at this juncture.
At the moment there are no liabilities, including contingent liabilities and guarantees, to be assumed by Inta Bina and the purchaser arising from the acquisition
