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Acquired a piece of land with an old factory building. Lampu Terang Bhd paid RM100,000 cash and the balance is to be paid by signing

Acquired a piece of land with an old factory building. Lampu Terang Bhd paid RM100,000 cash and the balance is to be paid by signing a 5-year, non-interest bearing note with a present value of RM526,000. Lampu Terang Bhd intended to scrap the old building and construct a new one.

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