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Tuesday, June 26, 2012

Dijaya unit to buy land in Johor Baru

KUALA LUMPUR: Dijaya Corp Bhd’s 80 per cent owned unit, Aliran Peluang Sdn Bhd, has entered into a sale and purchase agreement with Chua Joo Cheng @ Chua Su Yin to acquire 23 hectares in Johor Baru, Johor, for RM105.07 million, or at RM43.80 per sq ft.

In a filing to Bursa Malaysia yesterday, Dijaya said the proposed acquisition ties in with its strategy to acquire sizeable land banks with good development potential, especially in the economic zone of Iskandar Malaysia.

By Business Times

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