Back 10 Dec 2025

Astaka Holdings Completes Johor Bahru Land Acquisition After Extended Timeline

Link: https://links.sgx.com/1.0.0/corporate-announcements/V6Z73A742T9XAQ3G/9e2b0a217748859402809b5443c98ac3e67008315071e7e7a9a196afbe199cf5

Summary:

  • Astaka’s 51%-owned JV Astaka Kimlun Sdn. Bhd. has completed the acquisition of project land in the Mukim of Plentong, Johor Bahru, after paying the balance consideration on 10 December 2025 under the SPA.

  • The parties agreed to extend the SPA completion by a further two months beyond the original extended completion date to allow the JV to secure financing drawdown for the balance payment.

  1. https://links.sgx.com/FileOpen/AHL-Completion%20of%20Acquisition%20of%20the%20Land-Arden.ashx?App=Announcement&FileID=869451