SHH to buy Se­lan­gor land for RM10 mil­lion

The Sun (Malaysia) - - SUNBIZ -

PETALING JAYA: Fur­ni­ture maker SHH Re­sources Hold­ings Bhd’s sub­sidiary Ram­pai Pes­ona Sdn Bhd is ac­quir­ing a piece of free­hold land mea­sur­ing 2.02ha in Ulu Lan­gat, Se­lan­gor from Ris­ing Charm Sdn Bhd for RM10.2 mil­lion cash.

The group told the stock ex­change, the pro­posed ac­qui­si­tion is in line with its strate­gic plan to un­der­take other vi­able in­vest­ment op­por­tu­ni­ties to en­hance share­hold­ers’ value in view of the cur­rent com­pet­i­tive fur­ni­ture in­dus­try.

The pur­chase will be fi­nanced by a com­bi­na­tion of in­ter­nally-gen­er­ated funds and/or bank bor­row­ings.

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