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Thursday, December 17, 2009

Ho Hup in land sale

Ho Hup Construction Co Bhd’s 70 per cent subsidiary Bukit Jalil Development Sdn Bhd plans to sell 13,398 sq m of freehold land in Bandar Bukit Jalil for RM7.64 million to Action Master Sdn Bhd.

Proceeds will be used to repay borrowings and fund working capital.

Ho Hup will realise a gain of RM520,181 from the sale.

By Business Times

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