PETALING JAYA: A subsidiary of Tambun Indah Land Bhd
is acquiring 27 parcels of freehold land in Penang for RM131mil in cash.
The group, in a filing with the stock exchange, said it has proposed to provide up to RM3.45mil in shareholders’ advances to its 70%-owned subsidiary, Mustiara Sdn Bhd, to fund the acceptance deposit and other costs of the acquisition.
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