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Flash Note – Bonia (BUY, maintain) - Buying a property due to limited office space




Affin Hwang Investment Bank Bhd


14 May 2013





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RM20.9m for a 7 floors office block Yesterday, Bonia announced that its wholly-owned subsidiary CRG Incorporated Sdn Bhd (Carlo Rino), an investment holding company who is involved in marketing, distribution and export of fashionable goods and accessories, had entered into seven sale and purchase agreements (“SPAs”) respectively with Platinum Starhill Sdn Bhd for the purpose of acquiring an office block. The freehold office block, which is located in Daerah Ulu Langat, Selangor and is under the project known as “Platinum Starhill Business Centre” comprises of 7 floors under unit No. LG1, Level 1, Level 2, Level 3, Level 4, Level 5 and Level 6. The purchase price for the property, measuring 41.87k sq.ft is RM20.9

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