GE15 NEWS   Kudat Independent MP backs unity government | Hamas leader congratulates Anwar on appointment as PM | GRS will abide by Agong 's decision on formation of unity govt - Hajiji | Zahid, Wan Azizah, Loke win while Saifuddin, Rezal Merican lose | 
BUSINESS

BK Alliance to buy land from Suez Domain for RM20.91 mln

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

 

 


Bernama provides the latest authentic and comprehensive news and information to media agencies and the public. The news and information is disseminated via the website www.bernama.com; BERNAMA TV broadcasts on the Astro 502, unifi TV 631 and MYTV 121 IFLIX channels as well as BERNAMA Radio on the FM93.9 frequency in the Klang Valley, FM107.5 in Johor, FM107.9 in Kota Kinabalu and FM100.9 in Kuching.

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2022 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy