Matrix Concepts Unit Plans Johor Land Acquisition for RM 169.31 Million

Bitget2026/10/30 09:07

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Matrix Concepts Holdings unit Matrix Concepts (Southern) plans to acquire 174.7749 hectares in Kulai, Johor, for RM 169.31 million.
The freehold agricultural land is earmarked for mixed-use development with projected gross development value of RM 2.1 billion.
Bank financing of approximately RM 143.9 million would cover 85% of the purchase consideration, with internally generated funds covering the balance.
Group gearing is expected to rise to 0.49 times from 0.45 times upon acquisition completion and financing drawdown.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Matrix Concepts Holdings Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3720650) on October 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Matrix Concepts Unit Plans Johor Land Acquisition for RM 169.31 Million

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