Titijaya Land plans to buy Sri Komakmur for RM70.9mil

PETALING JAYA: Titijaya Land Bhd has proposed to acquire Sri Komakmur Development Sdn Bhd (SKDSB) for a purchase consideration of RM70.91mil from Tan Chuan Cheong and Tee Tiong Lee.

In a filing with Bursa Malaysia, Titijaya said it had entered into a share sale agreement with Tan and Tee for the proposed acquisition of three million ordinary shares equivalent to RM3mil, representing the entire issued capital of SKDSB.