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The latest update is out from Capital World Ltd. ( (SG:1D5) ).
Capital World Limited has clarified that, while it remains in regular contact with retailer MK Mustafa regarding an existing sale and purchase agreement involving its Johor Bahru retail mall, it is unaware of any plans by MK Mustafa to pursue another outlet in the city as suggested in a recent media report. The company said MK Mustafa remains committed to completing the current transaction once requisite approvals are secured, and both parties are discussing the possibility of an early handover of the mall’s ground floor, signaling continued progress on the project and its potential importance to Capital World’s asset monetisation and retail footprint in Johor Bahru.
More about Capital World Ltd.
Capital World Limited is a Cayman Islands-incorporated company listed in Singapore, involved in property development activities that include retail mall assets, with a focus on projects in Johor Bahru, Malaysia.
Current Market Cap: S$16.1M
See more insights into 1D5 stock on TipRanks’ Stock Analysis page.