Westports’ RM394m land buy fair and reasonable, shareholders told to vote in favour

The purchase price represents a slight discount of about 0.01% to the market value of the land as appraised by PPC International, said Hong Leong Investment Bank Berhad (HLIB), adding that the land’s market value of approximately RM25 psf is also lower than the average adjusted value of the comparable properties of RM29 psf.

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