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Friday, October 26, 2012

Bolton unit buys land for RM4.4mil

PETALING JAYA: Bolton Land Sdn Bhd, a wholly-owned subsidiary of Bolton Bhd, has purchased two parcels of freehold development land off Jalan Segambut, Mont’Kiara in Kuala Lumpur for RM4.4mil.

In a filing with Bursa Malaysia yesterday, Bolton said its unit has entered into a conditional share sale agreement for the proposed acquisition of 1,000 ordinary shares of RM1 each.

representing the entire equity interest in Seni Buluh Sdn Bhd.

“The proposed development of the land would consist of high-rise mixed commercial and residential development, with estimated gross development value and gross development cost of approximately RM250mil and RM200mil respectively,” it said.

By The Star

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