CBIP
A subsidiary of CBIP, Advance Boilers Sdn. Bhd, has entered into a sale and purchase agreement with Vickers Hoskins (M) Sdn. Bhd. to acquire a 4.09 ha piece of land in Kapar, Selangor, for RM 35.98 million.
No valuation was done on the land, but we believe the price CBIP is paying - RM82.60 per sq. ft - is reasonable in line with average transaction values of land in the area of RM85 to RM90 psf.
http://www.theedgemalaysia.com/business-news/234670-cbips-boiler-operations-heating-up.html
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