PETALING JAYA: Dutaland Bhd has accepted RM49.5mil in compensation from the Lands and Surveys Department of Sabah for the compulsory acquisition of a 99-year parcel of leasehold land in Kota Kinabalu.
The acquisition was made pursuant to Section 3 of the Land Acquisition Ordinance (Sabah Cap. 69) vide Gazette Notification No. 853 dated Nov 28, 2013 for the purpose of the extension of the Tanjung Aru Township in Kota Kinabalu, a statement to Bursa Malaysia said.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!