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Wednesday, December 5, 2007

Leong Hup buys Wisma Westcourt

Leong Hup Holdings Bhd (LHH), together with its wholly-owned Leong Hup Poultry Farm Sdn Bhd (LHPF), has agreed to buy a seven-storey commercial property known as Wisma Westcourt in Kuala Lumpur from Leong Hup Management Sdn Bhd (LHM) for RM18 million. The purchase would help to reduce and offset outstanding debt owed by LHM to LHH. LHH and LHPF also agreed to sell two pieces of leasehold land which house its hatchery plant in Gopeng, Perak, to Sri Medan Duck Farm Sdn Bhd (SMDF) for RM6 million cash. The group intends to merge and consolidate its two hatchery operations into a single plant to be located in Bidor, Perak

By The Star

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