What cash and assets will ABSB contribute to the JV?

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ABSB to Contribute RM125.7 Million Cash and Land Valued at RM118.31 Million to Automotive Tyre JV

Alam Baiduri Sdn Bhd (ABSB), a wholly-owned subsidiary of Berjaya Property Bhd, will contribute RM125.70 million in cash and a 27.47-hectare freehold land parcel valued at RM118.31 million to the new joint venture company. Additionally, ABSB will undertake an estimated RM60 million in construction, land conversion, and subdivision works related to the project.
Cash Contribution from ABSB

ABSB's direct cash injection into the joint venture will amount to RM125.70 million. This capital will be part of the overall funding structure for the new automotive tyre manufacturing business.
Land Parcel for the Venture

The freehold land parcel designated for the joint venture by ABSB spans 27.47 hectares, approximately 68 acres. This land, part of a larger plantation acquired by the company in 2017, has been valued at RM118.31 million.
Undertaking Construction and Land Works

Beyond the cash and land contribution, ABSB is also committed to carrying out construction, land conversion, and subdivision works estimated to cost RM60 million. These works are integral to preparing the site for the automotive tyre manufacturing facility.

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What cash and assets will ABSB contribute to the JV?

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