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KUALA LUMPUR: Prinsiptek Corp Bhd — through its wholly-owned subsidiary Gabungan Sanjung Sdn Bhd — has acquired a 4.5-acre leasehold tract in Section 7, Shah Alam from Satriadesa Corporation Sdn Bhd for RM15 million.
In a filing to Bursa Malaysia on Wednesday, Dec 15, the company said the acquisition is in line with its strategy to increase its land bank in prime locations within Klang Valley to generate long-term sustainable income for the group.
The acquisition is expected to be completed by 2Q2011.
In a filing to Bursa Malaysia on Wednesday, Dec 15, the company said the acquisition is in line with its strategy to increase its land bank in prime locations within Klang Valley to generate long-term sustainable income for the group.
The acquisition is expected to be completed by 2Q2011.
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