SBH Marine Unit Winds Bid to Buy Land in Malaysia for MYR19 Million

MT Newswires Live

2025/01/17

SBH Marine's (KLSE:SBH) indirect unit SBH Marine Industries won a bid to acquire a land parcel in Penang, Malaysia, for 18.9 million ringgit in cash.

The land spans 2.925 hectares, according to a Thursday Malaysian bourse filing.

The frozen seafood company will finance the deal via a combination of internally generated funds and bank borrowings.

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