PETALING JAYA: Hua Yang Bhd told Bursa Malaysia that it has acquired 1.32 million shares of RM1 each in Sunny Mode Sdn Bhd from Nestin Sdn Bhd, representing 40% of the issued and paid up of the latter, for RM3mil.
Sunny, a property development company, will become a wholly-owned subsidiary of Hua Yang after the proposed acquisition.
Sunny owns a vacant leasehold land measuring 28.5 acres located near Seremban, Negri Sembilan. The lease on the land is for 99 years expiring on June 5, 2107.
By The Star
No comments:
Post a Comment