Swang Chai Chuan Limited (HK:2321) has released an update.
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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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