TA Enterprise buys Serendah land

Posted on | May 27, 2009



By BUSINESS TIMES

TA ENTERPRISE Bhd has agreed to buy a piece of freehold commercial land in Serendah, Selangor, from Europlus Corp Sdn Bhd for RM44.9 million cash. Its unit, TA First Credit Sdn Bhd (TAFC), will buy the 31.5ha land.

The deal will improve TA Enterprise’s landbank and also reduce the debt owed by Maxisegar Realty Sdn Bhd to TAFC. However, it did not say how much Maxisegar owes TAFC. Maxisegar and Europlus Corp are part of Talam Corp Bhd. It expects to complete the purchase by January 31 2010.


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