KUALA LUMPUR: Pharmaniaga Bhd
’s wholly owned subsidiary, Pharmaniaga Logistics Sdn Bhd, has signed two separate sale and purchase agreements (SPAs) to acquire properties in Terengganu and Sarawak as part of its expansion strategy to strengthen logistics and distribution capacity.
In a filing with Bursa Malaysia, Pharmaniaga said the first SPA was signed with Sinoria Sdn Bhd for the acquisition of a single-storey detached building on leasehold land in Kuala Nerus, Terengganu, measuring 11,549 square metres, for RM19.5 million.
It said the acquisition is consistent with Pharmaniaga’s strategy to enhance its logistics and distribution capabilities, particularly in the eastern region of Peninsular Malaysia, to improve operational efficiency and support future business growth.
In a separate filing, the group said Pharmaniaga Logistics also signed an SPA with Hyper Shipping Sdn Bhd to acquire a single-storey industrial building located at the Kidurong Industrial Area in Bintulu, Sarawak, measuring 3,731 square metres, for RM11 million.
The acquisition in Sarawak is similarly aligned with the group’s efforts to expand its logistics footprint in East Malaysia to better serve customers and enhance long-term growth prospects.
Pharmaniaga noted that both SPAs are not expected to have any material effect on the group’s earnings, earnings per share, net assets, net assets per share, or gearing for the financial year ending Dec 31, 2025. - Bernama
