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Tuesday, December 29, 2009

Lii Hen to buy land

LII Hen Industries Bhd’s subsidiary, plans to buy three plots of land with buildings in Muar, Johor, for RM2.2 million.

Kejora Juara Sdn Bhd, the group’s property investment arm, has entered into an agreement with Paragon Progress Sdn Bhd, to acquire the properties to house a majority of the group’s foreign workers.

The properties, which are located about 500 metres away from the group’s major plants, are expected to offer more easy management.

The group will fund the acquisition through internally generated funds.

By Business Times

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