Maxim to buy land in USJ for RM95mil

PETALING JAYA: Maxim Icon Sdn Bhd, a 70%-owned unit of Maxim Global Bhd, had entered into an agreement worth RM95mil to purchase two plots of freehold land measuring 5.8 acres in UEP Subang Jaya (USJ), here.

As the registered owner of the land is the late Low Teck Choon, the deal was conducted through the joint administration of his estate by Low Siew Ley and Chin Hon Fah, with valuation being carried out by independent valuer Knight Frank Malaysia Sdn Bhd.