Sinaria Corp Bhd's wholly-owned unit Sunwish Venture Sdn Bhd has entered into a sale and purchase agreement for the acquisition of a 1.372ha piece of leasehold land in Sungai Buloh, Selangor.
In a filing to Bursa Malaysia today, Sinaria said the agreement was signed with vendors Chow Tin, Chow Sang and Chow Tuck Chor on Nov 8 for a total consideration of RM6.5 million, adding the lease on the land will expire in September 2055.
"The acquisition will facilitate the setting up of new warehousing and distribution channels by Sinaria group at the land to cater for its sales in the central and southern parts of the peninsula and to secure more market share for its products," it said.
The acquisition is expected to be completed by the fourth quarter of next year. -- Bernama
In a filing to Bursa Malaysia today, Sinaria said the agreement was signed with vendors Chow Tin, Chow Sang and Chow Tuck Chor on Nov 8 for a total consideration of RM6.5 million, adding the lease on the land will expire in September 2055.
"The acquisition will facilitate the setting up of new warehousing and distribution channels by Sinaria group at the land to cater for its sales in the central and southern parts of the peninsula and to secure more market share for its products," it said.
The acquisition is expected to be completed by the fourth quarter of next year. -- Bernama
