Shin Yang buys Kuching industrial property for RM34mil

PETALING JAYA: Shin Yang Group Bhd (SYGroup) is acquiring an 8.316-hectare industrial property in Kuching, Sarawak, for RM34mil to expand its logistics operations and reduce its dependence on rented facilities.

The group said in its Bursa filing it entered into a sale and purchase agreement with Forescom Plywood Sdn Bhd on Sept 4 for the leasehold land and buildings at Jalan Semangat, Pending Industrial Estate.

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八打灵再也：新阳集团有限公司（SYGroup）斥资3400万令吉收购砂拉越古晋一处占地8.316公顷的工业用地，以扩大其物流业务并减少对租赁设施的依赖。

该集团在提交给马来西亚证券交易所的文件中表示，它于 9 月 4 日与 Forescom Plywood Sdn Bhd 签订了位于 Pending 工业区 Jalan Semangat 的租赁土地和建筑物的买卖协议。

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