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Tuesday, November 6, 2012

Jaycorp buys properties in Johor for RM8.05m

KUALA LUMPUR: Jaycorp Bhd's wholly-owned unit, Jaycorp Vantage Sdn Bhd, has signed two agreements -- sale and purchase and assets sale -- with Mensilin Holdings Sdn Bhd.

In a filing to Bursa Malaysia, Jaycorp said the agreements involved the acquisition of a piece of industrial leasehold land in Johor and plant and machinery worth a total of RM8.05 million.

"The acquisition is to cater to future expansion and extension of business activities and will be used as part of Jaycorp's and its units' operations," it said.

It said the purchase consideration will be financed partly by cash from internally-generated funds and bank borrowings.

By Bernama

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