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Friday, October 30, 2009

Mah Sing clarifies

Property developer Mah Sing Group Bhd has clarified that it is buying two plots of land worth a combined RM130.65 million in Selangor, and not as reported in yesterday’s article entitled “Mah Sing buys land worth RM927m”.

The group said proceeds from the proposed private placement of up to 63 million new shares will be used for working capital.

By Business Times

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