News in Brief - Berjaya Land Berhad

BERJAYA LAND BHD subsidiary Berjaya Leisure (Cayman) Ltd is proposing to invest RM15.5mil in Berjaya (China) Great Mall Co Ltd in exchange for a 51% stake in Great Mall's enlarged capital. 

In a statement to Bursa Malaysia, Berjaya Land said that Berjaya (China) Great Mall Co Ltd, principally involved in property development and investment, was fully owned by Tan Sri Vincent Tan Chee Yioun. 

Berjaya (China) Great Mall has obtained commercial land use rights over two pieces of land measuring 75.89 acres in China for RM13.9mil cash. – AFX-Asia