Currently, its subsidiary Hiap Teck Hardware Sdn Bhd (HTH) rents its warehouses for its operations. The acquisition will enable HTH to own its own warehouses for operations and future expansion without having to pay rental.
PETALING JAYA: Hiap Teck Venture Bhd
has proposed to acquire a 21.26-acre parcel of land in Kuala Selangor for RM48.61mil for its future expansion.
In a filing with Bursa Malaysia, the company said the freehold agriculture land has been converted into medium industry use, to be known as Kapar 2 International Industrial Park.
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