Maxim Global unit buys Subang Jaya land for RM95mil

KUALA LUMPUR: Maxim Global Bhd subsidiary Maxim Icon Sdn Bhd has acquired 2.35 hectares (5.81 acres) of two contiguous freehold plots in Mukim Damansara, Daerah Petaling, Selangor for a total purchase consideration of RM95 million, or RM375.25 per square foot.

In a filing with Bursa Malaysia, Maxim said the group acquired the land through a sale and purchase agreement with the joint administrators of the estate of Low Teck Choon.