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Emas Kiara buys land for RM5.26m

KUALA LUMPUR (May 15): Emas Kiara Industries Bhd's (EKIB) wholly-owned subsidiary Noblecorp Sdn Bhd has acquired land in Kulai, Johor, from Creative City Development Sdn Bhd for RM5.26 million.

The company will obtain a bank loan to complete the acquisition, which will help it diversify into different businesses including investment.

In a filing with Bursa Malaysia, EKIB said the property outlook in Johor is expected to be positive taking into consideration the advanced stage of completion of major infrastructure works. — Bernama

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