FM Global proposes RM37.72mil land acquisition for expansion


KUALA LUMPUR: FM Global Logistics Holdings Bhd’s wholly owned subsidiary, FM Global Logistics (M) Sdn Bhd (FMGLM) has proposed to acquire two parcels of land in Setia Alaman Industrial Park, Kapar for RM37.72mil cash.

FM Global, in a Bursa filing, said FMGLM entered into a sale and purchase agreement (SPA) with Petaling Garden Sdn Bhd to acquire one parcel of freehold vacant land in Setia Alaman Industrial Park measuring approximately 2.82 acres for RM18.79mil.

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FM Global , acquisition , logistics

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