Avaland (KLSE:AVALAND) unit Nexus Advertising's deal to acquire three adjoining freehold development land parcels in Kuala Lumpur has become unconditional after all conditions precedent were fulfilled, according to a Wednesday filing.
The 7,612.63-square-meter land parcels are being acquired from Tong Ah for 86 million ringgit.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.