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KUALA LUMPUR: SKB Shutters Corp Bhd's wholly owned subsidiary SKB Shutters Manufacturing Sdn Bhd has accepted an offer from Paragon Pinnacle Sdn Bhd to acquire a 117.35-acre tract of land in Kuala Selangor, Selangor, for RM36mil.

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In a filing with Bursa Malaysia, it said the land was earmarked for a guarded light and/or medium industrial development known as Phase 2, Eco Business Park V, measuring 9.8 acres

"The company will make a detailed announcement upon the signing of the sales and purchase agreement in compliance with the Main Market Listing Requirements," it added.