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LTKM to acquire freehold land for RM9.4m

KUALA LUMPUR: LTKM Bhd is acquiring four pieces of freehold agricultural land in Kuala Langat for RM9.4 million.

In a filing to Bursa Malaysia on Friday, Oct 15, the company said its unit LTK Properties Sdn Bhd had entered into four sale and purchase agreements with Hock Ban Seong & Company Sdn Bhd for the deal.

The land measures a total of 21 acres.

“The land is acquired for future expansion. It is held as an investment as there is potential for appreciation in value due to the development in the vicinities,” it added.
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