<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 4): Sapura Industrial Bhd (KL:<a href="/askedge/klse/7811" class="ce-stock" target="_blank">SAPIND</a>) has proposed to sell a 2.16-hectare vacant industrial land in Ayer Keroh, Melaka for RM10.48 million.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing on Thursday, the group said the buyer is Loongsen Plastics (M) Sdn Bhd, a Melaka-based manufacturer of polythene bags whose shareholders include Lai Chin Huang, Pang Fong Peng and Lai Teck Sian.</p></div>

<div class=newsTextDataWrapInner><p>Sapura Industrial said the 99-year lease on the land expires in 2073. The property, it said, was acquired by the group in 1991 for RM3.17 million. It had a net book value of RM2.21 million as at end-January 2025.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The automotive components manufacturer said the property is currently leased out, generating rental income of RM2,940 a month.</p></div>

<div class=newsTextDataWrapInner><p>Sapura Industrial expects to receive an estimated gain of about RM7.3 million upon completion of the land sale. Proceeds from the disposal will be used for capital expenditure, expansion of production lines and working capital needs over the next 24 months, it said.</p></div>

<div class=newsTextDataWrapInner><p>Shares of Sapura Industrial ended flat at 80.5 sen on Thursday, giving the group a market capitalisation of RM58.6 million.</p></div>


Sapura Industrial Bhd (KL:SAPIND) has proposed to sell a 2.16-hectare vacant industrial land in Ayer Keroh, Melaka for RM10.48 million.

Sapura Industrial to dispose of 2.16-hectare land in Melaka

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