UEM Land Holdings Bhd is selling two plots of land measuring 43.64 acres in total to Liberty Bridge Sdn Bhd for RM 400.8 million.
UEM Land Holdings Bhd is selling two plots of land measuring 43.64 acres in total to Liberty Bridge Sdn Bhd for RM 400.8 million. Two plots of land in Johor's Puteri Harbour is set to be transferred to investment holding firm Liberty Bridge Sdn Bhd for RM 400.8 million. The transaction will see Liberty Bridge coming into possession of two plots of land spanning a combined area of 43.64 acres. The buyer, Liberty Bridge is led by well-known businessmen Wee Ee Chao, Managing Director of Singapore's UOB Kay Hian Holdings; and Tan Sri Lee Qi Hian, Managing Director of Kuala Lumpur Kepong Bhd. Wee and Lee are the majority owners of the firm, with each holding an equal share. The company's other co-owners include Multi Purpose Holdings Bhd Managing Director Tan Sri Surin Upatkoon and Tan Sri Nik Awang, Chairman of Syarikat Pengeluar Air Selangor Holdings. Nusajaya Development Sdn Bhd and UEM Land Bhd have inked a sale and purchase agreement with Liberty Bridge for each respecti