PETALING JAYA: Malaysian Resources Corp Bhd plans to acquire 59 Inc Sdn Bhd for RM110mil to expand its land bank.
It told Bursa Malaysia yesterday that it entered into a share sale agreement with Fadzil Ahmad, Usman Suratman and Mohd Shamir Mohd Hassan to buy 59 Inc - a company granted approval by the land office as the owner of three plots of vacant government land in Setapak measuring 27.41 acres for purposes of mixed development.
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