Wednesday, October 13, 2010

LBI Capital buys land in Genting

PROPERTY developer LBI Capital Bhd is buying a leasehold land measuring 2.166ha located near Gohtong Jaya, Genting Highlands, for RM5 million, to build resorts and hotel suites.

The acquisition is to enhance its property development activities given the completion of most of its projects, LBI said in a filing to Bursa Malaysia yesterday.

By Business Times