KUALA LUMPUR: OSK Holdings Bhd
's indirect 99.93% subsidiary has inked a deal to acquire five tracts of land measuring about 133.76ha in Kuala Muda, Kedah, from Central Kedah Properties Sdn Bhd for RM72mil.
OSK said in a filing with Bursa Malaysia, the land acquisition forms a critical component of its long-term business strategy as it will enhance its landbank for future development projects.
