Oriental Kopi Holdings Bhd is proposing to acquire a parcel of leasehold land measuring 5,260.8 sq m in Kuala Langat, Selangor, from Icon Facade Sdn Bhd for RM23mil.
In a filing with Bursa Malaysia, the food and beverage firm said the property on the land is currently rented by Oriental Kopi as its head office and warehousing facility.
The acquisition will result in cost savings arising from rental and logistics expenses and help prevent the risk of losing the right to use the property. It will be funded through a combination of internally generated funds and/or bank borrowings.
Catatan berkaitan:
Malaysia’s real estate market recorded steady growth across key sectors in the first half of 2025 (1H 2025), supported by strong data centre investments, infrastructure development and resilient domestic demand, according to Knight Frank Malaysia.
Property prices across the Klang Valley are set to rise this year, but the Selangor government has assured that buyers of state housing projects will not face unreasonable price hikes. State executive councillor for housing, Borhan Aman Shah, emphasised that...