SD Guthrie settles land acquisition dispute, Penang Development Corp to pay RM 241.16 million

Bitget2026/10/12 04:50

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SD Guthrie reached an amicable settlement with respondents over land compulsorily acquired in 2020.
Penang Development Corporation agreed to pay RM 241.16 million compensation for 18 plots totaling 380.195 acres in Seberang Perai Selatan.
A consent judgment was recorded in the High Court on Sept. 25, 2026.
The settlement closes 32 land reference proceedings, with consent judgments recorded on Oct. 6, 2026.
All disputes tied to the compulsory acquisition have ended.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SD Guthrie Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3713860) on October 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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SD Guthrie settles land acquisition dispute, Penang Development Corp to pay RM 241.16 million

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