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Friday, March 2, 2012

UEMLand may buy more land

KUALA LUMPUR: UEM Land Holdings Bhd is exploring more opportunities to increase its landbank in Sabah, Sarawak and the region.

Managing director and chief executive officer Datuk Wan Abdullah Wan Ibrahim said the company is currently in advance negotiations with the land owners, and expects to seal a deal this year.

Currently, the company owns about 9,000 acres of land, located mainly in the Nusajaya, Johor.

By The Star

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