KUALA LUMPUR (Aug 4): Matrix Concepts Holdings Bhd plans to buy 21 parcels of land in Port Dickson for RM56.99 million to increase its landbank to serve as an extension to its existing Bandar Sri Sendayan development.

Matrix said it would sustain continuous development in the township, which is surrounded by upcoming developments, and act as a catalyst to increase value to the properties in the vicinity to improve the infrastructure serving the land.

In a filing with Bursa Malaysia, Matrix said its wholly-owned unit BSS Development Bhd signed sale and purchase agreements with individual landowners for the land measuring in total 53.43 hectares.

Matrix’s share price closed down three sen or 1.09% to RM2.71 for a market capitalisation of RM1.59 billion. — theedgemarkets.com

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