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TWPH acquires Indonesian land for RM34mil

Tien Wah Press Holdings Bhd (TWPH), through its indirect 51%-owned subsidiary PT Bintang Pesona Jagat, has completed the acquisition of five parcels of land measuring approximately 23,393 sq m in total, together with the buildings erected on them, in Malang, Indonesia, for 150 billion rupiah (RM34mil), cash.

The Star MalaysiaThe Star查看原文 ↗
TWPH斥资3400万令吉收购印尼土地

PETALING JAYA: Tien Wah Press Holdings Bhd (TWPH), through its indirect 51%-owned subsidiary PT Bintang Pesona Jagat, has completed the acquisition of five parcels of land measuring approximately 23,393 sq m in total, together with the buildings erected on them, in Malang, Indonesia, for 150 billion rupiah (RM34mil), cash.

In a filing with Bursa Malaysia, TWPH said the acquisition was completed on Oct 21, following the fulfilment of all conditions precedent under the binding sale and purchase agreement and the execution of five sale and purchase agreements with PT Bentoel Prima.

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