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Hock Heng Stone announces propose acquisition of land worth RM20.3 million

KUALA LUMPUR: Hock Heng Stone Industries Bhd announced that Dunia Batu Alam Sdn Bhd, a 60 per cent-owned subsidiary, has signed a sale and purchase agreement with Wang Seng Sdn Bhd to buy a piece of land in Melaka for RM20.3 million.

The proposed acquisition forms part of the group’s expansion plan for the next five years.
The group intends to develop shop-offices, terrace houses, semi-detached houses and bungalows, the company said in its filing to Bursa Malaysia On Aug 23. -- Bernama

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