KUALA LUMPUR: GUH Holdings Bhd’s unit GUH Realty Sdn Bhd has proposed to acquire two pieces of land in Seberang Perai, Penang for RM22.6mil.
The purchase consideration will be financed through bank borrowing and internally generated funds, the company said in a filing with Bursa Malaysia yesterday.
It said the land totalled 2.88ha would be acquired from Leader Holdings Sdn Bhd and Thow Gooi Chee.
The two pieces of land were strategically located in South Seberang Perai District where various government projects, including the Batu Kawan Industrial Park had been initiated, GUH added.
“The management of GUH believes that there will be growing demand for light industrial factories from small and medium suppliers,” it said. — Bernama
