Eco Majestic Development Sdn Bhd and Univas Sdn bhd yes to extend completion period of Semenyih land buy

KUALA LUMPUR, April 20  — Eco World Bhd’s wholly-owned subsidiary, Eco Majestic Development Sdn Bhd, and Univas (Far East) Sdn Bhd, have agreed to extend the completion period of the proposed land acquisition in Semenyih to three months from a month, previously.

In a filing to Bursa Malaysia today, Eco World said the extension was agreed upon the expiry of the completion period.

In July 2014, Eco Majestic Development, previously known as Majestic Blossom Sdn Bhd, had entered into a share sale agreement to acquire 199.37 hectares in Beranang, Semenyih for RM225.33 million, from Univas.

— BERNAMA