[%ISOo%] 
Research by MIDF
Buy – TP of MYR 1.97

“Land acquisition in Taman Desa” 

Land acquisition in Taman Desa. Mah Sing Group (Mah Sing) announced that Mah Sing Properties Sdn Bhd, a wholly owned subsidiary of Mah Sing, had entered into a conditional sale and purchase agreement with Datuk Bandar Kuala Lumpur (DBKL) for the proposed acquisition of 6.19 acres of land in Taman Desa for a total purchase consideration of RM108m. The land acquisition is expected to complete in 1HCY25.

Analyst(s):
Jessica Low Jze Tieng
[%POYG%]

$KLSE-MAHSING 
Research by MIDF
Buy – TP of MYR 1.97

“Land acquisition in Taman Desa” 

Land acquisition in Taman Desa. Mah Sing Group (Mah Sing) announced that Mah Sing Properties Sdn Bhd, a wholly owned subsidiary of Mah Sing, had entered into a conditional sale and purchase agreement with Datuk Bandar Kuala Lumpur (DBKL) for the proposed acquisition of 6.19 acres of land in Taman Desa for a total purchase consideration of RM108m. The land acquisition is expected to complete in 1HCY25.

Analyst(s):
Jessica Low Jze Tieng
jessica.low@midf.com.my