Seacera to buy warehouse in Malacca for RM16.9mil


KUALA LUMPUR: Seacera Group Bhd unit, Seacera Ceramics Sdn Bhd, has entered into a conditional sales and purchase agreement with QM Sports Sdn Bhd to acquire a warehouse in Malacca for RM16.9mil.

In a filing with Bursa Malaysia yesterday, Seacera said the acquisition would be satisfied via the issuance of 8,857,143 new ordinary shares in Seacera at RM1.40, amounting to about RM12.4mil and RM4.5mil cash.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Seacera , Melaka , warehouse

   

Next In Business News

Renewed bets on Fed cuts boost KLCI to 1,600
Wall Street closes higher for third session on rate cut optimism
Trading ideas: Ho Hup, Favelle, KKB, Nice, Sunzen Biotech, Sin-Kung, Ireka, Malaysian Genomics, RHB, Seng Fong
RBA to maintain key rate to restrain price pressures
The Global South and the need for economic growth
Optus names Stephen Rue as new chief executive
ADB gets highest net income allocation in history
Century-old association continues moving with the times
F&N to focus on growth through sales volume
Shell in talks to sell Malaysian petrol stations

Others Also Read