Lumut Maritime to buy land for RM57m

KUALA LUMPUR: Lumut Maritime Terminal Sdn Bhd, a unit of Perak Corp Bhd, has proposed to acquire a RM57 million industrial and commercial land in Lumut, Perak. Perak Corp said its unit had signed a sale-and-purchase agreement with Perbadanan Kemajuan Negeri Perak for the acquisition. “The unit intends to hold the property as land bank to develop and construct another port or terminal in efforts to boost its core competencies in port operations,” it said.