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Tuesday, January 15, 2008

GuocoLand buys land, bungalows in KL

GUOCOLAND (Malaysia) Bhd is buying a piece of freehold land and two bungalows in Kuala Lumpur's Changkat Kia Peng area for RM56.48 million. The land measures 3,030 square metres. GuocoLand will use internal funds and borrowings to fund the purchase. The deal will help it increase landbank for development, it said in a statement to Bursa Malaysia.

By New Straits Times

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