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Magna Prima will buy the existing land of 10,587.5 sq m from the Lai Meng Girls School Association.The purchase price, which is a quarter less than its market value, will be paid in cash and funded with internal funds, bank loans or through a joint venture with partners.Eastern & Oriental Bhd and the Lion Group relocated St. Ramlee to Selayang and work on the new project has started."The proposed acquisition also creates an opportunity for the group to venture into the high-end property market, seeing that land within the KLCC area available for development is scarce," Magna Prima said in its statement.Here we list all the local free dating personals in Kuala Lumpur, Malaysia, the best single males, females in the local area seeking dates.
It will spend RM148.2 million to buy the land on which the 44-year-old Lai Meng Primary School and Lai Meng Kindergarten currently sits.
Magna is buying the land on which the 44-year-old Lai Meng Primary School and Kindergarten sits from the Lai Meng Girls School Association for RM148 million.
It may use its own funds as well as borrow to pay for the land, the official said.
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