PETALING JAYA: Property developer Avaland Bhd
is acquiring nine parcels of freehold development land measuring 3.2 acres at Jalan Putra, Kuala Lumpur from Tan Chong Motor Holdings Bhd for RM148.8mil.
In a filing with Bursa Malaysia, the company said the proposed acquisition is in line with the group’s long-term strategic objective to strengthen and expand its footprint within the Klang Valley.
