BERJAYA Land Bhd is acquiring a freehold vacant land in Johor from MOL.com Bhd for RM10.5 million. The deal is between its unit, Berjaya Land Development Bhd, and LKH Wires & Cable Sdn Bhd, which in turn is wholly-owned by MOL.com. The acquisition will increase the company's landbank amid the robust property market in the southern part of Peninsular Malaysia.
(New Straits Times 26-3-2008)
