Eupe acquires land in KL for RM69mil


PETALING JAYA: Eupe Corp Bhd is acquiring a parcel of freehold land measuring 2.46 acres in Kuala Lumpur from MCL Land (Pantai View) Sdn Bhd for RM69.18mil.

In a filing with Bursa Malaysia, Eupe Corp said the proposed acquisition is in line with the group’s business expansion objective and growth strategy in accumulating new suitable land.

This, the company said, is to be included in the group’s landbank and to scale up its property development portfolio to generate additional streams of income moving forward.

Eupe Corp said the proposed acquisition will be satisfied in cash, which will be funded by a combination of internally generated funds and bank borrowings.

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

Next In Business News

Kelvin Lee is now Matrix Concepts’ executive director
Cypark returns to the black
RHB Bank invests RM51mil in Boost Bank
Muhibbah Engineering ups stake in MPGB
NexG acquires 7.58% stake in MMAG
Sapura Energy posts positive 4Q25 results
FBM KLCI strengthens alongside Asian bourses
February’s producer price index up 0.3% in February
Farid Alias is new chairman of Bursa Malaysia
Timber hub in Shandong bolsters safety

Others Also Read