14 Jan 2021 / 23:37 H. PETALING JAYA: See Hup Consolidated Bhd has entered into a conditional sale and purchase agreement for the disposal of a parcel of land in Seberang Perai Tengah, Penang, to Wangsaga Industries Sdn Bhd and Tek Seng Properties & Development Sdn Bhd for a cash consideration of RM46.96 million, via its wholly owned subsidiary Limsa Ekuiti Sdn Bhd. According to the group’s Bursa filing, the price of the land parcel was determined based on “a willing-buyer and willing-seller basis” and translates to RM55 per sq ft, and an estimated 3.9% premium over the RM45.2 million market valuation carried out by CH Williams.