TALAM Corp Bhd sub-subsidiary Astaka Tegas Sdn Bhd is looking at issuing bonds to finance the purchase of a 698.96ha piece of land in Kuala Langat, Selangor, worth RM587.4mil, from Canal City Construction Sdn Bhd (CCCSB).
Kumpulan Europlus Bhd shareholders approved the disposal at an EGM in Kuala Lumpur yesterday. CCCSB is 42% owned by Europlus, of which Talam is a subsidiary.
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