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WS-SK Target to acquire Selangor industrial land for RM 24 million

PUBT·07/23/2026 08:09:43
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WS-SK Target to acquire Selangor industrial land for RM 24 million
  • WS-SK Target Group plans to buy a freehold industrial land site in Selangor for RM 24 million to secure its manufacturing base.
  • Site is already leased and hosts a permanent production plant; current lease expires Jan. 31, 2027.
  • Funding mix targets 40% internal resources, 60% bank borrowings; completion follows payment of RM 21.6 million balance.
  • Post-completion balance sheet impact: non-current assets +RM 24 million; net cash -RM 9.6 million; bank borrowings +RM 14.4 million.
  • Transaction requires shareholder approval at an Aug. 12, 2026 meeting, plus state consent and financing of at least 60%.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. WS-SK Target Group Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260723-12253563), on July 23, 2026, and is solely responsible for the information contained therein.