PETALING JAYA: PTT Synergy Group Bhd
’s wholly owned unit PTT Logistics Hub 2 Sdn Bhd, has entered into eight separate sale and purchase agreements with Koperasi Kakitangan Bank Rakyat Bhd to acquire eight parcels of freehold land in Gombak, Selangor for a total cash consideration of RM60mil.
In a filing with Bursa Malaysia, the group said it plans to develop a single-storey industrial facility equipped with an automated storage and retrieval system (ASRS) on the lands, which will subsequently be leased to a third party upon completion.
