Business briefing

GSH Corp unit buys prime plot in KL

GSH Corporation Ltd's subsidiary, City View Ventures, yesterday signed a sales and purchase agreement with Tropicana Kia Peng to acquire a parcel of prime land in downtown Kuala Lumpur for RM132.4 million (S$51.55 million). The 5,800 sq m plot is on Jalan Kia Peng, about 800 m from the city's Petronas Twin Towers and Suria KLCC. GSH said it plans to develop the site into a residential and commercial development.

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