Tambun Indah gets shareholders approval for RM150m land purchase


KUALA LUMPUR: Shareholders of Tambun Indah Land Bhd have approved the group's purchase of 209 acres of land in Seberang Perai, Penang for RM150mil.

In a statement on Wednesday, the company said the 27 parcels of land were purchased by its unit Palmington Sdn Bhd and would expand its current development, Pearl City, to 797 acres.

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