PETALING JAYA: IGB Bhd
, via its wholly owned indirect subsidiary, Bintang Sentral Sdn Bhd (BSSB), has acquired two freehold land parcels totalling 24.3 acres in Bandar Meru Raya, Ipoh, Perak for RM43.65mil.
In a statement, the company said the acquisition is conditional upon the approval from the Economy Ministry and the state authority for land transfer to BSSB, which is expected to be obtained within six months of signing the sale and purchase agreement.
Unless unforeseen circumstances arise, the acquisition is anticipated to be completed in the second half of next year, it said.
“The site, previously occupied by Movie Animation Park Studios, is highly advantageous as it already has supporting infrastructure in place,” IGB said, adding that the acquisition enhances its presence in Perak, providing the group with a foundation to capitalise on the future growth and success in the state.
