PLB acquires half share in two pieces of land in Penang

KUALA LUMPUR: PLB Engineering Bhd's wholly-owned subsidiary, PLB Land Sdn Bhd, is acquiring half share over two pieces of
land in Teluk Ketumbar, Penang, from Puan Che Siah Ibrahim, for RM4.2 million.

The purchase of the land measuring 17,681.4712 square meters and 5,916.5035 square meters, respectively, would be financed via internally generated funds.

In a filing to Bursa Malaysia on Sept 7, PLB said the acquisition would increase the group's land bank to cater for future development.- Bernama