PETALING JAYA: Newly-listed Matrix Concepts Holdings Bhd is close to securing a piece of land measuring one acre near the Putra World Trade Centre. This will be the Negri Sembilan and Johor-based developer’s first purchase of land in Kuala Lumpur, sources said.
StarBiz has learnt that Matrix intends to fork out more than RM40mil or roughly RM1,000 per sq ft for the acquisition, which will be financed by internal funds and bank borrowings.
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