KUALA LUMPUR: Meda Inc Bhd and Global Jubilee Sdn Bhd have jointly entered into a sale and purchase agreement to buy 4.3ha of freehold land from Natwest Trading Sdn Bhd for RM34.3 million. In a filing to Bursa Malaysia yesterday, Meda said it would acquire 3.9ha for RM31.7 million, with Global would taking up the remainder for RM2.6 million. The proposed development, which is still at a preliminary stage and may be subject to further changes, would comprise condominium units, said Meda. The proposed project is estimated to have a gross development value of RM252 million, it added.
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