PETALING JAYA: Shin Yang Group Bhd
is acquiring a 5.37-ha parcel of leasehold industrial land off Sepanggar Bay, Kota Kinabalu, Sabah, together with a workshop building, for RM26.6mil from a related company, Shin Yang Sdn Bhd.
The deal, inked via its wholly owned subsidiary Shin Yang Shipping Sdn Bhd, “was arrived at on a willing buyer, willing seller basis, supported by an independent valuation,” the group said in a filing to Bursa Malaysia.
