PETALING JAYA: Benalec Holdings Bhd
, which has requested for its stock to be suspended pending an announcement, is close to securing a land reclamation project that will cover about 5,000 acres in Tanjung Piai in the southwestern tip of Johor, sources said.
The sources added that the contract was being awarded by the Johor government to Spektrum Kukuh Sdn Bhd and Spektrum Budi Sdn Bhd, both of which are 70:30 joint ventures between Benalec and certain individuals.
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