PROPOSED ACQUISITION BY MAGNA CITY DEVELOPMENT SDN BHD (FORMERLY KNOWN AS MAGNA QUARRY SERVICES SDN BHD), A WHOLLY OWNED SUBSIDIARY OF MAGNA PRIMA CONSTRUCTION SDN BHD WHICH IS IN TURN A WHOLLY OWNED SUBSIDIARY OF MAGNA PRIMA BERHAD OF TWO (2) PARCELS OF FREEHOLD LAND HELD UNDER GERAN MUKIM NO. HAKMILIK 1343 AND 1344 WITH LOT 1075 AND 1073 RESPECTIVELY ALL IN THE MUKIM OF BATU AND TEMPAT BANGKONG AND DISTRICT OF KUALA LUMPUR AND STATE OF WILAYAH PERSEKUTUAN OF A TOTAL AREA MEASURING APPROXIMATELY 10.23 ACRES FOR A TOTAL CASH CONSIDERATION OF RM57,930,444 (“Proposed Acquisition”)
(KLSE 26-2-2008)
