KUALA LUMPUR: Dynaciate Group Bhd has proposed to acquire a 23,550-sq-m freehold industrial land in Bentong, Pahang, for RM12mil cash.

       In a filing with Bursa Malaysia, Dynaciate said its wholly-owned subsidiary Magnitude Resources Sdn Bhd has entered into a sale and purchase agreement with Powernet Industries Sdn Bhd (PISB) for the proposed acquisition.

       PISB, a wholly-owned subsidiary of Main Market-listed KPower Bhd, is principally involved in the textile manufacturing of warp-knitted fabrics.