KPS acquires factory sites for RM45.5mil

KPS Consortium noted that the acquisition is meant for investment purposes and would be funded via cash and 80% bank borrowings.

PETALING JAYA: KPS Consortium Bhd is acquiring 30 parcels of industrial land housing factories from Nautical Wealth Sdn Bhd for RM45.5mil.

In a filing with Bursa Malaysia, KPS Consortium said its wholly-owned subsidiary KPS Plywood Sdn Bhd has entered into three separate sale and purchase agreements with Nautical Wealth for the land parcels located in Rawang, Selangor.