PGF Capital Unit Buys Land for MYR40 Million

MT Newswires Live

2024/09/16

PGF Capital (KLSE:PGF) unit NetZero Technology acquired a sizeable freehold land lot in Kedah, Malaysia for 40 million ringgit from Senam Jaya.

The land, measuring 1,041,084 square feet, will be used for the development of "Kulim East Industrial Park," according to a Friday Malaysian bourse filing.

The mineral wool manufacturer will finance the deal via internal funds and bank borrowings.

Price (MYR): $1.93, Change: $-0.050, Percent Change: -2.53%

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