Thursday, 18 July 2013

AEON buys 8.3ha land for expansion

AEON Co (M) Bhd has bought three parcels of land in Tebrau, Johor Baru, for RM70m to build a car park, department store and supermarket. The total land size of 8.3ha will form part of the Bandar Dato’ Onn mixed development project. AEON said the acquisition is in line with its strategy to expand its retail business through the opening of new malls. The purchase will be fully satisfied by cash and funded by the company’s internally-generated funds. (BT)

Source: CIMB Daybreak - 18 July 2013

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