Tiong Nam’s 4Q net profit surges over 11 times on fair value gain from warehouse investment
Quarterly revenue rose 4.
Quarterly revenue rose 4.
The JV company — known as JTN Logistics Park Sdn Bhd — will undertake the acquisition of the 300-acre land, plus the development and management of the industrial park.
Under the preliminary deal, JCorp's wholly-owned unit JLand Group Sdn Bhd agrees to provide 300 acres of land for the development and construction of logistics hubs, while Tiong Nam will implement the project and supervise the day-to-day progress.
KUALA LUMPUR (Aug 20): Tiong Nam Logistics Holdings Bhd has secured a long-term lease for its upcoming warehouse in Senai Airport City in Johor, where it will be setting up a new distribution hub for an unnamed multinational company (MNC) client.
KUALA LUMPUR (Aug 6): Tiong Nam Logistics Holdings Bhd’s subsidiary Tiong Nam Logistics Solutions Sdn Bhd (TNLS) is buying two plots of vacant land measuring approximately 20ha (50 acres) and five ha (12.
KUALA LUMPUR (July 23): Tiong Nam Logistics Holdings Bhd will be issuing 5.
KUALA LUMPUR (June 9): Tiong Nam Logistics Holdings Bhd is boosting its logistics warehousing capacity by acquiring the owner of a warehouse within Port of Tanjung Pelepas in Johor for RM30 million.
KUALA LUMPUR (April 19): Iskandar Waterfront City Bhd (IWCity) today announced a share placement which will see businessman Ong Yoong Nyock emerging as a substantial shareholder in the group.
KUALA LUMPUR (Dec 1): Tiong Nam Logistics Holdings Bhd said there is no material financial and operational impact resulting from the halt in operations of a warehouse in Johor for the purpose of Covid-19 testing of its workers.
KUALA LUMPUR (Sept 26): Tiong Nam Logistics Holdings Bhd is investing RM200 million in capital expenditure (capex), which will go towards the construction of three new warehouses, the expansion of its truck fleet and for the logistics business.