Bonia unit to acquire KL property for RM35.51mil

KUALA LUMPUR: Bonia Corp Bhd's wholly-owned subsidiary Maha Asia Capital Sdn Bhd is acquiring a tract of freehold land on Jalan Delima in Kuala Lumpur from Resaa Properties Sdn Bhd for RM35.51mil.

In a filing with Bursa Malaysia, it said the purchase included the land measuring 1,403.71 sqm as well as a double-storey bungalow and guard house.

It added that the property is currently tenanted to a law firm.

According to the group, the purchase price will be fully satisfied in cash via internally generated funds and bank borrowings.

"The acquisition is a good opportunity for BCB and MASB to potentially enjoy both capital appreciation and rental income due to the strategic location of the Property.

"Besides, BCB and MASB can also further increase its source of revenue and income stream from the property," it said.

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Bonia , property , Maha Asia Capital , acquisition


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