The 99-year leasehold property is on industrial land that measures some 4,868 sqm. The lease will expire on Dec 30, 2098. The buildings on the property include a single storey detached factory with a three-storey office annexed with an estimated built-up area of approximately 3,700 sqm.
MeGroup’s (SGX:SJY
) subsidiary, Menang Nusantara Sdn. Bhd. (MNSB), has acquired a property at Lot 16, Jalan 3, Kawasan Perusahaan Cheras Jaya, 43200 Balakong, Selangor Darul Ehsan for RM16.2 million ($4.7 million).
A sale and purchase agreement (SPA) was entered into between MNSB and the vendor, Ngai Ming Plastic Industries (M) Sdn. Bhd., on Sept 6.
