<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 2): Tanco Holdings Bhd has entered into a sale and purchase agreement (SPA) with Wawasan Indera Sdn Bhd for the acquisition of a four-storey building in Puchong at RM8 million.</p></div>

<div class=newsTextDataWrapInner><p>This follows Tanco's disposal of its existing corporate and registered offices, Duta Vista Executive Suites in Kuala Lumpur, for a total cash consideration of RM50 million earlier in July.</p></div>

<div class=newsTextDataWrapInner><p>Wawasan Indera is a private limited company engaged in property development. Its shareholders include S P Setia Bhd and its subsidiary Lagavest Sdn Bhd.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>According to its bourse filing this evening, Tanco said the four-storey building located near Setiawalk in Puchong will come with all its existing fittings and fixtures and a gross floor area of approximately 16,355 sq ft.</p></div>

<div class=newsTextDataWrapInner><p>Tanco added the purchase will be funded through internally-generated funds and/or bank borrowings, and it is expecting the acquisition to complete within three months from the SPA date.</p></div>

<div class=newsTextDataWrapInner><p>The acquisition is not expected to have any material effect on the earnings per share of Tanco for the financial year ending June 30, 2018 (FY18).</p></div>

<div class=newsTextDataWrapInner><p>The counter closed 0.5 sen or 4.17% higher at 12.5 sen in today's trading, giving it a market capitalisation of RM82.71 million.</p></div>


KUALA LUMPUR (Oct 2): Tanco Holdings Bhd has entered into a sale and purchase agreement (SPA) with Wawasan Indera Sdn Bhd for the acquisition of a four-storey building in Puchong at RM8 million.

This follows Tanco's disposal of its existing corporate and registered offices, Duta Vista E...

Tanco buys RM8m office in Puchong

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Hibiscus Petroleum, Dutch Lady, Dialog, Malayan Flour Mills, Cape EMS, Star Media, Teladan, SAM Engineering, APM Automotive, Comfort Gloves, Hextar Global, IFCA MSC, TCS Group, Binastra, Handal Energy

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