Glomac buys land

GLOMAC’s wholly-owned unit, Glomac Alliance Sdn Bhd, has sealed a sale-and-purchase agreement with Score Option Sdn Bhd to buy 80ha of leasehold land in Puchong, Selangor, for RM77 million.

In a filing to Bursa Malaysia yesterday, Glomac said the acquisition was in line with its core strategy to buy suitable land in Klang Valley with strong potential for a prime new development.

By Business Times