Financing method: Menara Boustead in KL. Boustead is likely to fund the development of the Jalan Cochrane land through a combination of bank borrowings and internal funds.
PETALING JAYA: Boustead Holdings Bhd’s subsidiary, Mutiara Rini Sdn Bhd, will acquire a prime land worth RM143.5mil in Kuala Lumpur from Lembaga Tabung Angkatan Tentera (LTAT).
In a filing with Bursa Malaysia, the company said the proposed acquisition is aimed at expanding Boustead’s land bank and investing in strategic property projects in the capital.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
