KUALA LUMPUR: Aeon Co (M) Bhd is acquiring a 8.16ha land in Sungai Petani for RM36.02 million to build a shopping centre and operate its departmental store and supermarkets there.
In a filing Friday, June 3, Aeon said it had entered into a sale and purchase agreement with Asia Plywood Company Sdn Bhd to acquire the land.
It said the acquisition was in line with its corporate strategy of accelerating the expansion of its retail business through opening of new shopping centres and outlets.
It said the acquisition was expected to contribute positively to its business in future.
In a filing Friday, June 3, Aeon said it had entered into a sale and purchase agreement with Asia Plywood Company Sdn Bhd to acquire the land.
It said the acquisition was in line with its corporate strategy of accelerating the expansion of its retail business through opening of new shopping centres and outlets.
It said the acquisition was expected to contribute positively to its business in future.
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