Core Viewpoint - Heng Hup Metal Sdn Bhd, a subsidiary of Xinghe Holdings (01891), plans to acquire properties from Tang Kam Chin for approximately 17.0358 million MYR (around 32.3869 million HKD) by December 18, 2025, which is deemed beneficial for the group and its shareholders [1] Group 1: Acquisition Details - The acquisition involves two leasehold lands with a 99-year lease, expiring in 2106 and 2104 respectively, located in Pekan Baru Subang, Selangor [2] - The first property has an area of 0.711 hectares, while the second property covers 0.6079 hectares [2] Group 2: Strategic Rationale - The board believes that owning the properties will provide long-term leasing security and eliminate uncertainties related to lease renewals [1] - The acquisition secures existing investments and mitigates risks associated with potential relocation or lease non-renewal, which could lead to operational disruptions [1]
兴合控股附属拟斥资约1703.58万令吉收购马来西亚两处物业