KUALA LUMPUR: GUH Holdings Bhd
’s wholly owned subsidiary GUH Circuit Industry (Suzhou) Co Ltd (GUH Suzhou) will be compensated by the Suzhou government on signing an agreement with the Suzhou High-tech Zone Shishan Business Innovation District Management Office (SHZ Management Office) for the repossession of the state-owned land use rights in the Suzhou High-tech Zone, China.
GUH said in a filing with Bursa Malaysia that GUH Suzhou has agreed to transfer the land to the SHZ Management Office for 195 million yuan (RM119.83 million), with the proposed disposal to be completed in the first quarter of 2026.
