Oxley Holdings

Oxley Holdings: Pushing its way further into Malaysia as the group announced it has acquired a leasehold site in Johor Bahru for RM 92.8m ($40.0m) from Global Capital and Development Sdn Bhd. With an area of about 17,280 sqm, the site is to be used for commercial and hotel development, with plans to develop the land, subject to approvals from the relevant authorities. The acquisition is to be funded by internal resources and bank borrowings.