PETALING JAYA: Chin Well Holdings Bhd
is acquiring three parcels of freehold land totalling 128,509 sq m in Seberang Prai, Penang from High Rich Realty Sdn Bhd for RM48.4mil.
In a filing with Bursa Malaysia, the carbon steel fasteners manufacturer said the transaction is consistent with the company’s long-term growth strategy of acquiring land bank at good locations with strong potential for capital appreciation and development.
