Swang Chai Chuan (HKG:2321) unit Chop Chin Huat will acquire a 162,405 square feet plot of land from Lestari Duta in the State of Pulau Pinang, Malaysia, for around 11.9 million ringgit, a Wednesday bourse filing stated.
The Malaysia-based food and beverage distributor plans to build self-owned warehouses on the land parcel for its business development.
Shares of the company closed over 1% lower on Thursday.
Price (HKD): $0.38, Change: $-0.01, Percent Change: -1.32%
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