KUALA LUMPUR: SSF Home Group Bhd
said its wholly-owned subsidiary SSF Sdn Bhd has inked a conditional sales and purchase agreement to acquire three parcels of leasehold land measuring 52,611.13sqm in Pulau Indah, Klang, for RM42.47mil to expand is warehousing and logistics capabilities.
The group said in a bourse filing the proposed acquisition will enable it to construct its own warehouse facilities. The strategic location of the lands is also expected to facilitate more efficient logistics operations and potentially result in long-term cost savings.
"This investment is expected to enhance our operational efficiency and scalability, while strengthening our asset base and reducing our exposure to rising rental costs over time, providing a stronger foundation to support our future business expansion," said Lok Kok Khong, executive director of SSF Home, in a statement.
