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Wednesday, April 27, 2011

Selangor Dredging buys RM31m plot

SELANGOR Dredging Bhd is buying a plot of land in Hulu Langat, Selangor from Webcon Sdn Bhd for RM31 million.

The land is currently charged to Affin Bank as security for a banking facility granted to Webcon, Selangor Dredging Berhad said in a filing to Bursa Malaysia yesterday.

Webcon has obtained a development order and building plan approval to develop the land into blocks of condominiums amounting to 540 units.

By Business Times

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