Sungei Bagan to take over Kuchai Development

PETALING JAYA: Sungei Bagan Rubber Co (Malaya) Bhd has proposed to take over all assets and liabilities of Kuchai Development Bhd (KDB) for RM275.47mil.

This related-party transaction comprises, among others, the acquisition of a refurbished two-storey corner pre-war shophouse on Emerald Hill Road, Singapore, and 8.23 acres of agricultural land in Hulu Langat, Selangor.