<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 19): KPS Consortium Bhd (KL:<a href="/askedge/klse/9121" class="ce-stock" target="_blank">KPSCB</a>), a manufacturer of tissue-related products, is acquiring a 4.04-acre industrial land with a factory in Pulau Indah, Klang, for its own use.</p></div>

<div class=newsTextDataWrapInner><p>The land, which includes a single-storey factory, is being purchased for RM30 million, translating to about RM170 per square foot.</p></div>

<div class=newsTextDataWrapInner><p>The transaction is being executed via its wholly-owned subsidiary, KPS Plywood Sdn Bhd, which is involved in the trading of plywood, cement, timber products and investment holding. The vendor, Pelangi Technowood Sdn Bhd, is wholly-owned by Low Peng Sian @ Chua Peng Sian.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>KPS Consortium said the purchase will be funded through a mix of cash and bank borrowings, with 60% of the consideration expected to be financed via borrowings. It added that the transaction does not require shareholder approval.</p></div>

<div class=newsTextDataWrapInner><p>Shares in KPS Consortium closed up 12.9% or 7.5 sen at 65.5 sen on Tuesday, valuing the group at RM106.51 million. Year to date, the stock has gained 42.4%.</p></div>


KPS Consortium Bhd (KL:KPSCB), a manufacturer of tissue-related products, is acquiring a 4.04-acre industrial land with a factory in Pulau Indah, Klang, for its own use.

KPS Consortium acquires Pulau Indah industrial land, factory for RM30m

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<p>Former prime minister Datuk Seri Najib Razak said he is still looking for ways to pay the fine previously imposed to meet the terms of his conditional pardon.</p>


<p>We, the members of G25, are once again deeply shocked and dismayed by the decision of the Pardons Board to grant a further conditional pardon to former prime minister Datuk Seri Najib Razak, allowing him to serve the remainder of his custodial sentence under house arrest. This follows the Pardons Board’s decision in 2024 to halve his 12-year prison sentence to six years and reduce his RM210 million fine to RM50 million, an astounding 76% reduction.</p>


<p>Chinese DRAM chipmaker CXMT said on Sunday its fifth-generation technology platform had entered mass production, a claimed breakthrough that could help China build a stronger competitor to Samsung Electronics, SK Hynix and Micron Technology in the global market for memory chips.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim will meet DAP secretary general Anthony Loke soon to hear his views before deciding on the latter's offer to resign as transport minister.</p>


<p>Venezuela and TotalEnergies SE signed a memorandum of understanding on Saturday, setting up the French company for a return to operations in the South American country.</p>


<p>At the end of World War II, the US Navy was by far the world’s largest. As late as 1975, the United States remained a major shipbuilding power, although its preeminence had already begun to diminish. By the end of the 20th century, however, American shipbuilding was in steep decline, despite government efforts to revive it.</p>


<p>Ukraine launched what Moscow's mayor called the biggest drone attack yet on the Russian capital on Sunday, as Russians voted on the final day of a parliamentary election that President Vladimir Putin has cast as a test of support for the war in Ukraine.</p>


<p>Executives at Jefferies Financial Group Inc were sounding increasingly irate.</p>
