LBI Capital Bhd, a property developer, is buying land in Taman Mutiara, Puchong, for RM14.5 million to expand its business.
It signed a deal to buy the land, comprising 142 commercial lots of 20ft by 65ft each, from Pembinaan Amal Cekap Sdn Bhd.
LBI plans to develop the land into 142 units of two- to three-storey shop offices over two to three years, it said in a statement to Bursa Malaysia yesterday.
By New Straits Times
Tuesday, April 15, 2008
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