Johor: EcoWorld Malaysia's unit, Eco Business Park 1 Sdn Bhd, has disposed of 56.06 hectares of freehold land in Eco Business Park I in Iskandar Malaysia to Microsoft Payments (Malaysia) Sdn Bhd for RM693.96 million. The transaction marks a significant development in the region's property landscape.

According to BERNAMA News Agency, the land comprises 117 parcels of freehold vacant land and road reserves. The property player made this announcement in a filing with Bursa Malaysia. The funds from this substantial sale will be allocated to complete the remaining main infrastructure development on the land. Additionally, the money will be used to cover associated expenses related to the land, which are projected to be incurred within 24 months from the date of the sale and purchase agreement.