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Pantech Group Holdings buys more industrial land from Johor Corp

KUALA LUMPUR: Pantech Group Holdings Bhd is buying more industrial land from Johor Corp Bhd for RM12.85 million.

In a filing to Bursa Malaysia on Oct 6, its wholly-owned subsidiary, Pantech Corp Sdn Bhd, has entered into a new sale and purchase agreement for an amalgamated leasehold lot known as PLO 809, measuring 20.66 acres, in the Pasir Gudang Industrial Area.

The previous sale and purchase agreement, which was signed on May 20 this year, involved the transaction of a piece of industrial land at RM6.3 million.

Subsequently, Pantech Corp agreed to purchase another adjacent piece of land and requested for the amalgamation of the two pieces of land into a single lot of land.
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