Foundpac acquires industrial land

PETALING JAYA: Foundpac Group Bhd is acquiring a piece of leasehold industrial land in Bayan Lepas, Penang, from Bluemetal Sdn Bhd for RM41.88mil.

In a filing with Bursa Malaysia, Foundpac said the proposed acquisition was undertaken to consolidate its production operations located in Penang (namely the factories located in Batu Maung, Bayan Lepas and Prai) to a single premise.

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FoundpacGroup , BayanLepas , LandAcquisition , IndustrialConsolidation

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