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WS-SK Target to acquire Selangor industrial land for RM 24 million
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WS-SK Target to acquire Selangor industrial land for RM 24 million
  • WS-SK Target Group plans to buy a freehold industrial land site in Selangor for RM 24 million to secure its manufacturing base.
  • Site is already leased and hosts a permanent production plant; current lease expires Jan. 31, 2027.
  • Funding mix targets 40% internal resources, 60% bank borrowings; completion follows payment of RM 21.6 million balance.
  • Post-completion balance sheet impact: non-current assets +RM 24 million; net cash -RM 9.6 million; bank borrowings +RM 14.4 million.
  • Transaction requires shareholder approval at an Aug. 12, 2026 meeting, plus state consent and financing of at least 60%.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. WS-SK Target Group Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260723-12253563), on July 23, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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