KUALA LUMPUR: Guocoland (Malaysia) Bhd has received conditional approval from the Economic Planning Unit (EPU) for its proposed purchase of a 18.68ha land from Bonds Corp Sdn Bhd.
The acquisition is subject to the condition that Wonderful Space Sdn Bhd (WSSB) has at least 30 per cent Bumiputera equity interest before the transfer of land is affected.
WSSB is seeking clarification from the EPU on the Bumiputera equity condition.
By Business Times
Saturday, February 11, 2012
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