It said the land was intended for commercial development, subject to the approval of the relevant authorities. (Model of one of the projects by Tadmax - Filepic)
PETALING JAYA: Tadmax Resources Bhd will replenish its land bank with the proposed acquisition of a 2.6-acre leasehold plot of land in Cheras, Kuala Lumpur, for RM37.4mil.
In its stock filing, the company said its 55%-owned subsidiary, Builtamont Development Sdn Bhd, had entered into a sale and purchase agreement with Datuk Bandar Kuala Lumpur for the proposed acquisition of the land that came with a 99-year lease, expiring on June 12,2116, at the end of last month.
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