KUALA LUMPUR, Sept 2 — Sentoria Group Bhd’s unit, Sentoria Langkawi Sdn Bhd, has sealed agreements with the Langkawi Development Authority (LADA) to lease 48 hectares of Malay reservation land for RM41.382 million.

In a filing to Bursa Malaysia, it said the lease agreements involved 28 hectares at Bandar Padang Mat Sirat for RM30.492 million.

The company will also lease 20 hectares at Tempat Bukit Tekoh, Tempat Bukit Carok Nyak Mud, for RM10.890 million.

“The agreements provide for the lease of the land for 90 years commencing September 1, 2014 to August 31, 2104,” it said.

Sentoria said the lease would enable the group to expand its business into northern Peninsular Malaysia and enhance future recurring leisure and hospitality income to create sustainable growth.

The leased land will enable Sentoria to develop a premium resort city and medical village to cater for overseas tourists and investors. — Bernama