Oriental Kopi to buy Selangor land for RM23mil

The acquisition will result in cost savings arising from rental and logistics expenses.

PETALING JAYA: Oriental Kopi Holdings Bhd is proposing to acquire a parcel of leasehold land measuring 5,260.8 sq m in Kuala Langat, Selangor, from Icon Facade Sdn Bhd for RM23mil.

In a filing with Bursa Malaysia, the food and beverage firm said the property on the land is currently rented by Oriental Kopi as its head office and warehousing facility.