KUALA LUMPUR (Jan 11): TIME dotCom Bhd has proposed to acquire the Employees Provident Fund’s (EPF) Changkat Raja Chulan office building for RM62 million. EPF had initially acquired the property for RM46.04 million in 1994, said TIME in a bourse filing. “The proposed acquisition will enable TIME to increase space for expansion of operational facilities. The management of TIME is of the view that [the building] is in good condition to cater for such operational requirements,” it said. TIME said the purchase, via its wholly-owned subsidiary AIMS Data Centre Sdn Bhd, will be paid for using internally-generated funds.
