Boustead to acquire LTAT land for RM172.8mil

SRC said in a filing with Bursa Malaysia that MHIL had purchased the shares yesterday via a direct business transaction. Stock exchange data showed that the shares were transacted in a single off-market trade yesterday morning.

PETALING JAYA: Conglomerate Boustead Holdings Bhd has proposed to acquire two plots of land held by the Armed Forces Fund Board (LTAT) in Bukit Jalil for a total cash consideration of RM172.78mil.

Boustead said in a filing with Bursa Malaysia that the company had entered into a sale and purchase agreement with LTAT to acquire land measuring 10.74 acres out of 53.39 acres held under PN31560, Lot No 37825 in Mukim Petaling, Kuala Lumpur.