PETALING JAYA: Industrial rubber hose maker Wellcall Holdings Bhd
is looking to acquire three parcels of contiguous vacant leasehold industrial land in Kinta, Perak for RM32mil.
In a filing with Bursa Malaysia, the group said the purchase represents an aggregate land area of about 18.31 acres. The deal was carried out via its wholly-owned subsidiary, Wellcall Hose (M) Sdn Bhd which entered into a conditional sale and purchase agreement with Jubilee Link Sdn Bhd.
Wellcall noted the lands are within the vicinity of its existing manufacturing facilities in Kinta, Perak. The group currently operates three manufacturing facilities within the industrial area of Kawasan Perindustrian Pengkalan II in Kinta, Perak.
So far, Wellcall has not submitted a development plan to relevant authorities in respect to the lands.
A deposit of RM3.2mil was paid out from internally-generated funds of the group and the balance of RM28.8mil will be funded via internally-generated funds.
