Magna Prima executive director Datuk Rahadian Mahmud Mohamad Khalil
PETALING JAYA: Magna Prima Bhd
is looking to sell three pieces of its prime land by year-end, which should net it some RM500mil cash.
Using this cash, Magna Prima would buy smaller plots of land for property development and would set a policy of giving out 50% of profits from each project as dividends to shareholders, said Magna Prima group managing director Datuk Rahadian Mahmud Mohammad Khalil (pic).
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