KUALA LUMPUR: The Ayer Molek Rubber Company Bhd is buying back 41.65 acres of PLANTATION [] land in Segamat, Johor from Empang Setia Sdn Bhd, which it had sold to 10 years ago.
Ayer Molek said on Monday, Oct 24 it had signed a sales and purchase agreement with Empang Setia to acquire 41.65 acres of land for RM670,000 cash consideration.
To recap, on Oct 31, 2001, it had sold 43.97 acres of the land to Empang Setia for RM770,000.
However, in February 2006, part of the land measuring about 2.32 acres was subsequently acquired by the government, reducing the land area to 41.65 acres.
Ayer Molek said on Monday, Oct 24 it had signed a sales and purchase agreement with Empang Setia to acquire 41.65 acres of land for RM670,000 cash consideration.
To recap, on Oct 31, 2001, it had sold 43.97 acres of the land to Empang Setia for RM770,000.
However, in February 2006, part of the land measuring about 2.32 acres was subsequently acquired by the government, reducing the land area to 41.65 acres.
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