News: Glomac subsidiary acquires land in Klang
Kelana Kualiti Sdn Bhd, a wholly-owned subsidiary of Glomac Bhd, has secured two parcels of land situated north of Klang town through an auction for RM44 million.
Glomac said the land purchase was part of the company's core strategy of acquiring suitable development land bank in the Klang Valley, which has strong potential for sizable and prime new developments.
"The group intends to develop a mixed development project on the lands," it said in a statement to Bursa Malaysia.
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