Lien Hoe Corporation Bhd’s wholly-owned subsidiary Christine Resorts Sdn Bhd has obtained
Planning Permission Layout and Surrender Back and Re-alienation approvals from the Johor
Land and Mines Department for a 27.93-hectare land that formed part of a larger mixed
development located within Bandar Seri Alam in Masai, Johor. With the approval, the company
has fulfilled clause 1.1 of the Sales and Purchase Agreement with Countryland Realty Sdn Bhd,
thereby enabling it to sell the land for RM88.66 million.
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