FM Global buys land for RM38mil

PETALING JAYA: FM Global Logistics Holdings Bhd’s wholly-owned subsidiary, FM Global Logistics (M) Sdn Bhd (FMGLM), has proposed to acquire two parcels of land in Setia Alaman Industrial Park in Kapar for RM37.72mil cash.

FM Global, in a Bursa Malaysia filing, said FMGLM entered into a sale and purchase agreement (SPA) with Petaling Garden Sdn Bhd to acquire one parcel of freehold vacant land in Setia Alaman Industrial Park measuring approximately 2.82 acres for RM18.79mil.