Acoustech buys Melaka serviced apartment project

TheStar Wed, Nov 07, 2018 07:27am - 5 years View Original


PETALING JAYA: Acoustech Bhd has entered into an agreement with Jaya Mapan Sdn Bhd to acquire a block of serviced apartments for a purchase consideration of RM18mil.

Acoustech is an investment holding company with interest in making paints, electrical equipment and in property development.

Acoustech said in a filing with Bursa Malaysia that the purchase would be done via its wholly-owned subsidiary Teras Eco Sdn Bhd.

Jaya Mapan is the master developer of the project.

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