MMAG to buy Penang land for RM41mil


KUALA LUMPUR: MMAG Holdings Bhd has agreed to purchase two parcels of contiguous industrial land in Sungai Bakap, Penang from Dynaciate Group Bhd for RM41mil to expand its logistics business.

The company, which owns Line Clear Express & Logistics Sdn Bhd, told the stock exchange yesterday that it will develop a regional hub and warehouse on the 5.1 hectare site.

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