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Friday, April 6, 2012

Hua Yang arm to acquire land for RM15.2m

Hua Yang Bhd's unit Yoon Lian Realty Sdn Bhd has entered into a conditional sale and purchase agreement with Peter Brickworks Sdn Bhd to acquire 156 lots of freehold titles in Ipoh for RM15.2

The proposed acquisition of 8.4 hectares of land is in line with the company's plan to expand its presence in Perak, it said in its filing to Bursa Malaysia here today.

The exercise is expected to be completed by the third quarter of the financial year ending March 31, 2013.

By Bernama

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