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SkyWorld Development is buying a 25.9-acre plot of land in Batu Kawan, Penang, for RM48.51 million as part of a previously announced joint development project to build affordable housing in the state
The acquisition will be financed through a combination of internal funds, bank borrowings, and remaining proceeds from its IPO. Completion is expected by the second quarter of 2026.
1 more year to complete the financing, hope more project for 2H2025