Sale of Land by Boustead Plantation Berhad to SIPP Power Sdn Bhd

Azmi & Associates recently advised Boustead Plantation Berhad in the legal advisory and negotiation leading to the signing of the sale and purchase agreement with SIPP Power Sdn Bhd. The sale was for the proposed disposal of five (5) parcels of freehold land, known as Kulai Young Estate, located in Johor, measuring 664 hectares at a premium disposal consideration of
approximately RM428.28 million. The transaction is still pending the approval of the relevant regulators.

The Azmilaw team comprised, Dato’ Azmi Mohd Ali, Wan Nor Nadia, Mohd Zam Mustaman, who were assisted by two other associates.

[https://www.thestar.com.my/business/businessnews/2021/09/28/boustead-plantations-sells-kulai-estate-to-sipp-powerfor-rm4288mil]

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