KUALA LUMPUR: Teck Guan Perdana Bhd
is expanding its landbank in Sabah with the purchase of a parcel of land in Tawau for RM11.94mil.
The company, is a filing with Bursa Malaysia today, said wholly owned subsidiary Tawau Cocoa Estate Sdn Bhd had on Sept 2 entered into a sale and purchase agreement with Kebun Rimau Sdn Bhd for the purchase of one parcel of leasehold land measuring approximately 510.6 acres in Tawau.
"The Acquisition is currently planted with fruits and other crops (166 acres), facilities (21 acres), and the rest is undeveloped land (323.6 acres)," Teck Guan said.
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