(MAHSING closing price today (21.05.2012) was RM 1.89)
Mah Sing Group Bhd's wholly-owned unit, Tristar Acres Sdn Bhd, has signed a sale and purchase agreement (SPA) with Boon Siew Development Sdn Bhd for the proposed acquisition of eight parcels of freehold land (land) for RM330.765 million cash.
In a filing to Bursa Malaysia today, Mah Sing said Tristar also signed another SPA with Wong Hong Foi @ Ho Hea Sia for the purchase of a piece of leasehold land for RM2.477 million (leasehold land) cash.
"The land, with total size of 164.94 hectares, is strategically located in Bandar Baru Bangi, with prime frontage of 2 km along both sides of the North South Expressway," it said. -- BERNAMA
Source: www.btimes.com.my
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