KUALA LUMPUR (Oct 18): MMAG Holdings Bhd is buying a piece of land together with buildings in Penang from Dynaciate Group Bhd, formerly known as Tatt Giap Group Bhd, for RM41 million to expand its logistics business.

In a bourse filing, MMAG said its wholly-owned unit Line Clear Express and Logistics Sdn Bhd will re-develop the land as part of plans to set up a regional hub and warehouse in Penang.