PETALING JAYA: Jiankun International Bhd
has proposed to acquire 18.387 sq m leasehold land in Melaka for RM13mil to expand its development business.
Jiankun said its wholly owned subsidiary Key Success Development Sdn Bhd had entered into a sale and purchase agreement with Cash Support Sdn Bhd for the acquisition of the vacant land in that had been categorised for commercial building use.
“The management is of the view that the proposed acquisition represent a strategic investment, after taking into consideration of the location of the land, ” it said.
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