lIGB CORP BHD said it proposes to buy an additional 6.04% stake in Mid Valley City Sdn Bhd from Grand Care Sdn Bhd for RM36.211mil to raise its stake to 96.35%.
Mid Valley, which operates the Mid Valley Megamall shopping centre in Kuala Lumpur, posted a net profit of RM5.6mil in 2002.
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