Friday, 22 Jan 2021
BUSINESS
13/01/2021 06:55 PM

KUALA LUMPUR, Jan 13 -- BK Alliance Sdn Bhd, a 51 per cent owned subsidiary of BKG Development Sdn Bhd, has entered into a sale and purchase agreement with Suez Domain Sdn Bhd to acquire a piece of land for RM20.91 million.

BKG Development is a wholly-owned subsidiary of Chin Hin Group Property Bhd.

In a filing with Bursa Malaysia today, Chin Hin said the purchase price for the acquisition will be funded by a combination of internally generated funds, bank borrowings and fundraising exercise.

"The acquisition is in line with the overall strategy of Chin Hin group and to expand its property development segment. The group continuously sources for new land bank at accessible locations for potential development. 

"The property measuring 1,943 square metres is located about 4.8 km southwest of Kuala Lumpur," it said.

-- BERNAMA

 

 

ABOUT US

Malaysian National News Agency
Wisma BERNAMA
No.28 Jalan BERNAMA
Off Jalan Tun Razak
50400 Kuala Lumpur
Malaysia

Tel : +603-2693 9933 (General Line)
Email : helpdesk[at]bernama.com

Categories

General
Business
Sports
Politics
World
Features
Thoughts
Infographics
Videos
Images
Exclusive Press

Copyrights

Disclaimer
Privacy Policy
Security Policy