PLB buys land in Penang

PLB Engineering Bhd has bought via a public auction nearly 20ha of land in Penang for RM38 million, in line with its efforts to increase landbank.

The land was bought through wholly-owned PLB Land Sdn Bhd, PLB said in a filing to Bursa Malaysia yesterday.

The price paid for the land was the highest bid received by vendor Southeast Asia Special Asset Management Bhd, it added.

By Business Times