PETALING JAYA: Topmix Bhd is proposing to acquire two pieces of freehold vacant parcels of land in Johor Baru, totalling 10,117 sq m from Kesas Kenangan Sdn Bhd for a combined amount of RM18.97mil.
In a filing with Bursa Malaysia, the decorative surface solutions provider said the proposed acquisitions are in line with the group’s long-term strategic plan to expand its operational capacity and enhance its manufacturing and warehouse infrastructure.
“The strategic proximity to major seaport, border crossing and airport infrastructure is expected to enhance supply chain efficiency, optimising logistical efficiency and improve operational efficiency.
“In addition, the proposed acquisitions provide long-term operational flexibility and support the group’s expansion strategy by securing industrial land in a high-demand growth corridor.”
