Swang Chai Chuan Limited (HK:2321) has released an update.
Swang Chai Chuan Limited has clarified details about its recent land acquisition in Malaysia, highlighting that the ultimate beneficial owner of the seller, Lestari Duta, is the publicly-listed Ideal Capital Berhad, which specializes in property development. Additionally, the announcement confirmed that all shareholders of Lestari Duta are independent third parties to the company.
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