Gelonghui April 30 丨 Xinghe Holdings (01891.HK) AnnouncementbaccaratswissOn April 30, 2024, the purchaser, East China Metallurgy Sdn Bhd, an indirect controlled subsidiary of the Company, and the vendor, ISO Concrete Products Sdn Bhd, entered into two (2) conditional sale and purchase agreements, pursuant to which the vendor has conditionally agreed to sell and the purchaser has conditionally agreed to purchase the properties at a total purchase price of approximately HK$22.14 million, subject to the terms and conditions set out herein. All properties are located in Mukim of Teluk Kalungbaccaratswiss, District of Kemaman, State of Terengganu, with a total land area of approximately 127,949 square meters.
The strategic location of the property (only 7 kilometers from the Teluk Kalong Industrial Area and 3 kilometers from the MIEL Industrial Area), both of which are known for their dynamic industrial activities in Terengganu State, Malaysia, provide the buyer with a clear geographical advantage.
