Tek Seng's unit to acquire three parcels of land in Penang for RM33.96mil

KUALA LUMPUR: Tek Seng Holdings Bhd’s wholly-owned subsidiary, Wangsaga Industries Sdn Bhd (WISB) has entered into two separate sale and purchase agreements (SPA) to buy three parcels of freehold land in Penang for a total cash consideration of RM33.96 million.

In a filing with Bursa Malaysia today, the polyvinyl chloride (PVC) sheeting manufacturer said WISB has inked a SPA with Bagan Specialist Centre Sdn Bhd to acquire a parcel of land in Seberang Prai Tengah for RM26.98 million.