Scanwolf sells Kampar land for RM1.62 million

PETALING JAYA: Scanwolf Corp Bhd proposes to dispose of two parcels of commercial land in Kampar, Perak, measuring 3.72ha to The Combined Bus Services Sdn. Bhd (TCBS), for RM1.62 million.
In a filing with Bursa Malaysia, Scanwolf said it consists of a disposal consideration of RM1.3 million together with an infrastructure contribution of RM324,086 to build an integrated bus terminal complex.
TCBS has developed and is currently operating the integrated bus terminal complex in Ipoh, Perak.
Scanwolf’s remaining land in Kampar has a net buildable area of 12.22ha.
It has planned to carried out a mix development project on the said land comprising 600 units of commercial suites (GDV: RM122 million), 276 units of townhouses (GDV: RM126 million), two blocks of apartments (GDV: RM59 million) and a hotel (GDV: RM10.0 million).
The project is estimated to rake in RM99.6 million in profit for the company.