GHW INTL (09933.HK): Agrees to Acquire Industrial Land in Bandar Gebeng, Pahang, Malaysia for Approximately MYR 46.07 Million
NewTimeSpace News: On 28 August 2026, GHW International (stock code: 09933) announced that GHW International (Malaysia) SDN BHD, a wholly-owned subsidiary of the Company, had entered into a sale and purchase agreement with MCKILP Development SDN BHD to acquire an industrial land parcel located in Bandar Gebeng, Daerah Kecil Gebeng, Negeri Pahang, Malaysia, for a consideration of approximately MYR 46,065,000 (approximately RMB 76,929,000), calculated at a rate of MYR 38 per square foot.
According to the announcement, the land parcel has a remaining lease term of approximately 39 years (expiring on 25 May 2065) and is located in the Malaysia-China Kuantan International Logistics Park. The consideration will be settled in six instalments: a deposit of approximately MYR 4,607,000 (approximately RMB 7,693,000) payable on or before 30 September 2026; four instalments of approximately MYR 9,213,000 each (approximately RMB 15,386,000) payable on or before 31 March 2027, 30 September 2027, 31 March 2028 and 30 September 2028 respectively; and a final instalment of approximately MYR 4,607,000 payable on or before 31 March 2029. Certain instalments are subject to earlier triggering dates, including the commencement of site clearance and earthworks or the obtaining of the Section 433B consent under the National Land Code, and the consideration will be fully funded by the Group's internal resources. Completion is subject to the satisfaction of conditions precedent, including the Buyer obtaining the Section 433B consent.
The Group currently operates two production plants in Tai'an, Shandong Province, China and Binh Duong Province, Vietnam, producing choline chloride, betaine and other chemicals. The Company stated that acquiring the land parcel and subsequently building a production plant forms part of its response to the "Belt and Road" initiative, diversifying its production system into Southeast Asia to lower geopolitical risks, enhance production flexibility and optimize the utilization of natural resources.
As the highest applicable percentage ratio for the acquisition exceeds 5% but is below 25%, the acquisition constitutes a discloseable transaction of the Company, subject to the reporting and announcement requirements under Chapter 14 of the Listing Rules. Completion is subject to the satisfaction of conditions precedent and may or may not proceed; shareholders and potential investors should exercise caution when dealing in the shares of the Company.
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