KUALA LUMPUR (March 4): Property developer Bedi Bhd (KL:BEDI), which was known as WMG Holdings Bhd up until September 2025, is buying an 8.7-acre parcel of land in Penampang, Sabah, for RM15.92 million. The acquisition is part of its strategy to secure strategic locations for future mixed-development projects, Bedi said in a bourse filing on Wednesday. A sale and purchase agreement has been inked between its unit, Wah Mie Realty Sdn Bhd, and the vendors — Lee Fui Chen, Lee Vun Yeng, Lee Vun Yee, Lee Tien Rui and Lee Sheng Chieh — for the deal. The vendors have agreed to subdivide the parcel into two lots, with the 8.7-acre portion to be sold to Bedi’s unit. As at end-December last year, it had RM66.44 million cash and RM102.28 million in total borrowings.

Source: The Edge Markets March 04, 2026 15:40 UTC