Gromutual arm acquires land for RM10.21m


KUALA LUMPUR: Gromutual Bhd’s wholly-owned subsidiary, Vinlane Development Sdn Bhd, has purchased two parcels of land in Johor Baru for RM10.21 million. In a filing to Bursa Malaysia, the property developer said the first piece of land was acquired from Vista Accord Sdn Bhd for RM5.09 million, while the second from Capitol Concord Sdn Bhd for RM5.12 million. “The acquisition is to replenish the group’s landbank, as well as to increase its landbank at strategic locations for future development.”


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