Titijaya to acquire Menara TM Semarak for RM72mil


KUALA LUMPUR: Titijaya Land Bhd's wholly-owned subsidiaries are acquiring a 22-storey purpose-built office building together with an annexed six-storey Telekom Exchange and five levels of basement carpark in Kuala Lumpur for RM72mil.

In a filing with Bursa Malaysia, the group said Titjaya PMC Sdn Bhd and Titijaya South Asia Sdn Bhd entered into the sales and purchase agreement with Menara ABS Bhd for Menara TM Semarak, which measures about 30,115 sqm in net lettable area.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Japan says in close coordination with US on forex as yen intervention risks mount
MTT Shipping and Logistics gets SC approval for Main Market listing
FBM KLCI jumps over 20pts as foreign funds flow into blue chips
Anwar expresses gratitude as ringgit hits strongest level in over seven years
Foreign funds log third straight week of net inflows at RM510.9mil
Yen surges as intervention risks lurk, gold surpasses US$5,000/oz
Oil holds onto gains as Iran keeps investors on edge
FBM KLCI maintains rally as risk appetite continues to grow
Ringgit breaches 4.00 level against greenback
Trading ideas: Sunway, IJM, Capital A, Southern Score, EG, DKSH, Poh Kong, Citaglobal, Hartanah Kenyalang, Sin-Kung, YBS, YNHP, Sentral REIT

Others Also Read