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- According to a bourse filing, the purchase was made through its wholly-owned subsidiary, GUH eBattery Sdn Bhd, from vendor Rich Court Estate Sdn Bhd.
KUALA LUMPUR (March 28): Electronic circuit board maker and property company GUH Holdings Bhd (KL:GUH) has announced its acquisition of 27.22 hectares of land in Semenyih for RM71.76 million.
According to a bourse filing, the purchase was made through its wholly-owned subsidiary, GUH eBattery Sdn Bhd, from vendor Rich Court Estate Sdn Bhd.
The acquisition will be funded through a combination of bank loans and internally generated funds. As of the end of 2024, GUH Holdings reported cash reserves of RM69.43 million against total borrowings of RM78.91 million.
GUH Holdings said this move aligns with its goal of expanding its landbank and strengthening its presence in the Klang Valley.
Additionally, the group emphasised that the acquisition positions the group to capitalise on the current favourable market outlook and leverage its expertise in the property industry to enhance future earnings.
Aside from electronics, GUH Holdings is involved in property development and utilities.
Shares of GUH Holdings were unchanged at 32 sen on Friday, giving it a market capitalisation of RM90.63 million. Over the past one year, the stock has fallen 13.5%.
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