Magna Prima unit to buy land in KL

Posted on | December 11, 2009

By BUSINESS TIMES


MAGNA Prima Bhd’s (7617)wholly-owned unit Twinicon (M) Sdn Bhd has signed a deal with Santari Sdn Bhd to buy a 5.506-acre freehold land in Bandar Bukit Jalil, Kuala Lumpur for RM10.7 milllion.

The property will be used for the relocation of Lai Meng Primary School and Lai Meng Kindergarten currently located along Jalan Ampang, Kuala Lumpur.

The proposed acquisition is expected to be completed in the first quarter of 2010.

This purchase is part of Twinicon’s plan to buy Lai Meng Girls’ School Association’s land along Jalan Ampang for RM148.2 million.

You might also like

Magna Prima’s land acquisition deal By BUSINESS TIMESMAGNA Prima Bhd and vendor Muafakat Baru Sdn Bhd have agreed to extend the deadline...

Magna Prima unit to buy Ibsul for RM3.5m By BUSINESS TIMESPROPERTY developer Magna Prima Bhd said its wholly-owned unit will buy Ibsul Development...

Magna Prima buys land in Selayang By BUSINESS TIMESMAGNA Prima Bhd has bought a plot of land in Selayang, Selangor, from Muafakat Kekal...

Magna Prima buys land for RM148mil By THE STARKUALA LUMPUR: Magna Prima Bhd’s wholly-owned subsidiary, Twinicon (M) Sdn Bhd has entered...