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RMH unit to acquire factory in Klang for RM5m

KUALA LUMPUR: Rhone Ma Holdings Bhd's (RMH) wholly-owned subsidiary, Rhone Ma Malaysia Sdn Bhd, is acquiring a semi-detached factory in Excellent Technology Park III, Klang from Klanggroup Development Sdn Bhd for RM5.59 million cash.
In a filing to Bursa Malaysia today, the company said the acquisition will be financed through a combination of internally generated funds and bank borrowings.
It said the exact mix of the internally generated funds and bank borrowings will be decided by the management at a later stage taking into consideration the gearing level, interest costs as well as internal cash requirements for the business operations of RMH and its subsidiaries.
The acquisition is in line with the Group’s future plans which include the expansion of the existing range of food ingredients as it allows the Group to cater to the increasing storage needs of food ingredients.
In addition, it said the Group may house the manufacturing facility for food ingredients in the property, should the Group decides to venture into the manufacturing of food ingredients in the future.
It said the Excellent Technology Park III is a light industrial development well-equipped with infrastructures and strategically located within Klang-Meru-Kapar in Klang Valley, easily accessible through NKVE highway and it also provides easy access to the city, port and airport.
The Board of Directors is of the opinion that the acquisition will contribute positively to the business operations and future earnings of the Grou

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