PETALING JAYA: Property developer Magna Prima Bhd
has acquired 5.25 acres leasehold land in Shah Alam for RM43mil cash to be developed into a residential project.
In a filing with Bursa Malaysia, Magna Prima said its wholly owned subsidiary, Magna City Shah Alam Sdn Bhd, had entered into a conditional sale and purchase agreement with Regalia Raintree Sdn Bhd to purchase the land located in Seksyen 13, Shah Alam adjacent to the Kelab Golf Sultan Abdul Aziz Shah.
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