THE MMC Corp Bhd will pay RM1.7 billion for the entire stake of the Senai Airport Terminal Services Sdn Bhd, RM250 million less than the original RM1.95 billion announced earlier.
The acquisition will be paid in cash instead of a share issue, the company said in a statement today.
The new RM1.7 billion acquisition price comprises RM580 million for airport operations and RM1.1 billion for its 1,087.2 hectares of freehold land to be developed into a logistics city. - Bernama
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