KJB to buy Magical Era for RM32mil

PETALING JAYA: Kumpulan Jetson Bhd (KJB) plans to acquire a 51% stake in Magical Era (M) Sdn Bhd for RM32mil to gain control of the latter’s 63.44-acre Vendor City Industrial Park (VCIP) in Melaka.

KJB announced that its wholly-owned unit Jetson Development Sdn Bhd had entered into a letter of intent (LoI) with Datuk Seri Baljinder Singh Surinder Singh to negotiate on the proposed acquisition.