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Thursday, May 27, 2010

RHB Cap takes control of Positive Properties

RHB Capital Bhd is taking control of Positive Properties Sdn Bhd, which owns a 0.51ha freehold site along Jalan Tun Razak, Kuala Lumpur, for future development.

The banking group plans to house all of its operations at the same location for better efficiency.

RHB Capital has signed a deal to buy half of Positive Properties for RM35 million from Bedford Land Sdn Bhd, making the former its wholly-owned unit.

By Business Times