The land comprises an area of approximately 4,016 sq metres together with a building.
In a filing to Bursa Malaysia on Match 26, Three-A Resources said San Soon Seng Food entered into tenancy agreement with Excellent Chemicals for the leasehold land since July 1, 2007.
“The purchase of the land is necessary for the operations of San Soon Seng Food. Furthermore, the company would be able to enjoy the gross rental savings of approximately RM24,000 per annum,” said Three-A Resources.
Barring unforeseen circumstances, the proposed purchase is expected to be completed within three months from the date of the Sale and Purchase Agreement.
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