PETALING JAYA: Fajarbaru Builder Group Bhd
(FBG) is proposing to subscribe to another 2.56 million ordinary shares of Australia-based Beulah Northcote Land Pty Ltd (BNL) through its wholly-owned subsidiary, FBG Land Sdn Bhd, at A$1 per share.
The acquisition represents 49% of BNL’s increased issued share capital, totalling A$5.22mil or RM7.14mil, to be paid entirely in cash.
