Gamuda Berhad has announced its acquisition of 389 acres of industrial land in Port Dickson from MUI Properties for RM424 million. The land is earmarked for the development of cloud data center infrastructure, aligning with its strategic push into the digital economy sector.

Earlier today, MUI Properties requested a trading suspension of its shares on Bursa Malaysia, pending a material announcement, which was later confirmed to be the sale of the industrial land.

Gamuda stated that the proposed land acquisition will not have a material impact on its share capital, substantial shareholders' holdings, net assets per share, or the gearing of the company and its subsidiaries.

The acquisition will be funded entirely through internally generated funds.