Company Briefs

KSH associate buys land for RM91.7m

CONSTRUCTION contractor and property developer KSH Holdings said a 40 per cent associate company has agreed to purchase 679,460 square feet of freehold land in Negeri Selangor, Malaysia, for RM91.7 million or about S$36 million. KSH will fund its share of the consideration, about S$14.4 million, using existing debt and external bank loans. The property may be developed into a mixed-use project as part of a proposed business park. KSH shares slipped 1.1 per cent, or half a cent, to close at 46.5 cents yesterday before the deal was announced.

Wilmar unit mandates US$1.75b loan facility