PETALING JAYA: TSR Capital Bhd
has announced that it is in negotiations with the Government to relocate and reconstruct the Royal Malaysian Air Force Butterworth (RMAFB) air base via a land swap.
The 407ha land occupied by the base in Teluk Air Tawar – which is about 8km from Butterworth directly opposite Penang Island – would be transformed into “a city of arts and leisure,” it said in a filing to Bursa Malaysia yesterday.
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