KPS Consortium buys freehold properties for RM45.4 mil in Rawang for investment

KUALA LUMPUR (May 1): KPS Consortium Bhd (KL:KPSCB), which is mainly engaged in the manufacture of tissue-related products, has proposed to acquire three freehold properties in Rawang for RM45.4 million, for investment purposes.

The group said its wholly-owned subsidiary, KPS Plywood Sdn Bhd, has entered into deals to buy 16 units of four-storey semi-detached factories for RM38.32 million, 13 units of single-storey low-cost factories for RM3.05 million, and an individual title lot with a four-storey detached factory for RM4.13 million, all located in Taman Industri Nautical.

The vendor is Nautical Wealth Sdn Bhd, which was wound up by the High Court in 2021. The agreements were entered into through the court-appointed liquidator, according to KPS Consortium's bourse filing on Thursday.

The group said the acquisitions will be paid for in cash and bank borrowings.

Last month, KPS Consortium enhanced its order book by securing a RM106.96 million construction contract for a high-rise residential project near Kuala Lumpur which is expected to be completed within three years.

KPS Consortium has five main business segments: paper milling, paper converting, trading of building materials, property development and construction and investments.

For the year ended Dec 31, 2025, the group reported a net profit of RM22.45 million on revenue of RM1.04 billion. Its net debt stood at RM22.1 million.

KPS Consortium’s share price closed five sen or 7.44% higher at 65 sen on Thursday, valuing the group at RM306.3 million.

..........

EdgeProp's monthly print edition is out! Free delivery is available for selected regions. Subscribe now.