IBRACO BUYS PJ LAND

The Sun (Malaysia) - - SUNBIZ -

PE­TAL­ING JAYA: Sarawak­based Ibraco Bhd is ac­quir­ing 3.9 acres of lease­hold land along Baru Pan­tai High­way in Pe­tal­ing Jaya for RM37.44 mil­lion. In a fil­ing with Bursa Malaysia, Ibraco said it has en­tered into sep­a­rate sale and pur­chase agree­ments with Mi­lan Sanc­tu­ary Sdn Bhd and Ju­ra­pat Sdn Bhd for the ac­qui­si­tion of four plots of va­cant land. The land is ap­proved for mixed com­mer­cial de­vel­op­ment based on a de­vel­op­ment or­der dated Nov 11, 2011.

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