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Wednesday, April 30, 2008

HLA buys building from PJ City

KUALA LUMPUR: Hong Leong Assurance Bhd (HLA) has entered into a sale and purchase agreement with PJ City Development Sdn Bhd for the proposed acquisition of a six-storey commercial building for RM75.698mil.

Hong Leong Financial Group Bhd, the parent company of HLA, told Bursa Malaysia the commercial building was to be erected on leasehold land measuring about 16.6 acres in Petaling Jaya.

“The property is targeted to be fully completed by first quarter of 2009,” it said.

By Bernama

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