Capital World (SGX:1D5) received a payment of 23 million ringgit from MK Mustafa, taking the total deposits collected to 121.5 million ringgit, according to a Wednesday filing with the Singapore Exchange.

The payments are part of the sale and purchase agreement between the two parties, signed Jan. 7, 2023. Under the agreement, MK Mustafa would make periodic payments to the property developer, in connection with 591 unsold retail units inside Capital City Mall in Malaysia.

Of the 591 units covered by the agreement, MK Mustafa has secured Form 433B approvals for 55 units, with the remaining units awaiting regulatory clearances.