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Thursday, March 1, 2012

Knusford unit to buy Kajang land

KUALA LUMPUR: Knusford Bhd’s wholly-owned subsidiary, Lakaran Cahaya Sdn Bhd, will acquire 5.39ha of freehold land in Semenyih for RM14.21mil from Idealpalm Ventures Sdn Bhd.

In a filing with Bursa Malaysia yesterday, it said the land was located adjacent to the group’s current property development, Kajang Perdana, in Kajang.

The acquisition will be funded by internally-generated funds and/or bank borrowings.

By Bernama

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