Bina Darulaman To Buy Land For RM204 Million

KUALA LUMPUR, July 14 (Bernama) -- Bina Darulaman Bhd will acquire several parcels of land from Perbadanan Kemajuan Negeri Kedah (PKNK) for RM204 million.

In a filing to Bursa Malaysia, Bina Darulaman said both parties entered into a heads of agreement (HoA) on Sunday.

"Bina Darulaman and PKNK shall use their best endeavours to enter into a conditional definitive agreement not later than 30 days from the date of the HoA," it said.

Under the agreement, both parties will also be granted with an automatic extension of a further 30 days in the event they are unable to complete their due diligence.


We provide (subscription-based) 
news coverage in our
Newswire service.