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PETALING JAYA (April 6): Y&G Corp Bhd has extended the completion period for its proposed acquisition of land in Sepang, according to a Bursa Malaysia filing dated today (April 6).
On behalf of the board, M&A Securities said the parties — NWSB and NSSB — have mutually agreed to extend the completion period under the sale and purchase agreement (SPA 1) by an additional three months, from the original timeline to July 6, 2026.
The extension relates specifically to the Sepang land acquisition, which forms part of a broader series of related party transactions previously announced by the group. All other terms of the agreement remain unchanged.
The proposed acquisitions were first announced in August 2025, when the group unveiled plans to acquire a total landbank of approximately 548.4 acres for RM477 million from parties linked to its major shareholder and managing director.
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Y&G to acquire RM477m worth of landbank from major shareholder's family
The exercise includes multiple parcels in Sepang and Kuala Selangor, as well as the acquisition of a company holding additional Sepang land, and is aimed at strengthening the group’s development pipeline.
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