Pharmaniaga unit to acquire RM30m industrial property in Penang
Under the SPA, Pharmaniaga Logistics has already paid a 10% deposit of RM3 million, with the remaining RM27 million to be settled in installments as stipulated in the agreement.
Under the SPA, Pharmaniaga Logistics has already paid a 10% deposit of RM3 million, with the remaining RM27 million to be settled in installments as stipulated in the agreement.
Phase 1 will see BYD as the anchor investor at KLK TechPark with a 150-acre facility.
Nexus Industrial Hub is a freehold light industrial development located in Jawi, Nibong Tebal, Penang, within proximity to Sungai Bakap and the thriving Batu Kawan Industrial Park.
The property developer inked a conditional share sale agreement with the Yap brothers, executive chairman and managing director Datuk Seri Yap Ngan Choy and executive director Datuk Yap Fook Choy, to acquire the entire equity interest in NCT World Sdn Bhd.
In a bourse filing, the company said former CEO, Datuk Loh Yuen Tuck has agreed to a consent award, under which Sentoria will pay RM142,800.
The project is scheduled to be completed within 13 months, starting from July 30, and is expected to contribute positively to Econpile’s revenue and earnings from the financial year ending June 30, 2026 onwards.
The group is collaborating with the Negeri Sembilan state government to develop a 300-acre industrial park in Port Dickson, and with Sime Darby Property Bhd (KL:SIMEPROP) for a 2,000-acre site on Carey Island.
The property currently generates a monthly rental income of RM20,000.
Upon completion, the property will be leased back to the seller, Alpha Express, under a 10-year triple net lease at RM195,000 per month, subject to rent reversion for each renewal term.
Net rental income for the quarter also dropped 3.