PETALING JAYA: Can-One Bhd’s indirect subsidiary Bintang Seribu Sdn Bhd will acquire two lots of land in Klang from Golden Valley Industries Sdn Bhd for RM103.55mil cash.
The two tracts of freehold agricultural land have a combined size of 2.96 million sq ft, and have a purchase price of RM35 per sq ft.
The manufacturer of cans said in a filing with Bursa Malaysia that the purchased lots are to be used as a new manufacturing hub and warehousing facility for the group of companies.
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