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Thursday, December 31, 2009

Hunza Properties buys land for RM82m

HUNZA Properties Bhd has bought four plots of freehold land in Penang for RM82 million.

In a statement to Bursa Malaysia, it said the rationale behind the proposed acquisition is because the group is principally involved in property development and investment, which are currently focused in Penang and Kuala Lumpur.

The acquisition will enable the group to increase its landbank for future development and/or investment, at the same time continue its expansion plans in Penang.

By Business Times

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