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Compensation for Dutaland
by Cals Mon 07 Apr 2014, 01:34
Published: Saturday April 5, 2014 MYT 12:00:00 AM
Updated: Saturday April 5, 2014 MYT 8:09:37 AM
[size=40]Compensation for Dutaland[/size]
PETALING JAYA: Dutaland Bhd has accepted RM49.5mil in compensation from the Lands and Surveys Department of Sabah for the compulsory acquisition of a 99-year parcel of leasehold land in Kota Kinabalu.
The acquisition was made pursuant to Section 3 of the Land Acquisition Ordinance (Sabah Cap. 69) vide Gazette Notification No. 853 dated Nov 28, 2013 for the purpose of the extension of the Tanjung Aru Township in Kota Kinabalu, a statement to Bursa Malaysia said.
The Sabah land was acquired by the company in April 2007 for RM8.9mil.
Updated: Saturday April 5, 2014 MYT 8:09:37 AM
[size=40]Compensation for Dutaland[/size]
PETALING JAYA: Dutaland Bhd has accepted RM49.5mil in compensation from the Lands and Surveys Department of Sabah for the compulsory acquisition of a 99-year parcel of leasehold land in Kota Kinabalu.
The acquisition was made pursuant to Section 3 of the Land Acquisition Ordinance (Sabah Cap. 69) vide Gazette Notification No. 853 dated Nov 28, 2013 for the purpose of the extension of the Tanjung Aru Township in Kota Kinabalu, a statement to Bursa Malaysia said.
The Sabah land was acquired by the company in April 2007 for RM8.9mil.
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