Asian Pac to buy Kuantan land for RM 42.09 million

• Asian Pac Holdings agreed to buy 21.48 acres in Kuantan from KotaSAS for RM 42.09 million for a potential shopping mall.
• A joint development agreement with KotaSAS covers another 28.20 acres for three phases of commercial shop lots.
• The joint development has an estimated gross development value of RM 281.3 million; development costs exclude the landowner’s entitlement.
• KotaSAS will receive the higher of 18% of project gross development value or a minimum guaranteed RM 62.03 million.
• Development is expected to begin in 2030, subject to regulatory approvals; each phase must be completed within 33 months of vacant possession.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Asian Pac Holdings Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3719624) on October 28, 2026, and is solely responsible for the information contained therein.