YAN TAT GROUP (01480) plans to acquire a property in Malaysia for 43.75 million Ringgit.

YAN TAT GROUP (01480) announced that on February 24, 2025 (after trading hours), its wholly-owned subsidiary Yan Tat Technology has entered into a sale and purchase agreement with the seller. Under this agreement, the seller has agreed to sell and Yan Tat Technology has agreed to purchase the property for a total price of RM 43.75 million, subject to the satisfaction of certain conditions precedent and the terms and conditions specified in the agreement. The property includes: (1) a freehold industrial land located at PT5755-2, Jalan Sungai Chua, Kawasan Perusahaan Bukit Angkat, 43000 Kajang, Selangor, Malaysia, with an area of 19,823 square meters; and (2) a single-storey factory with two levels of office units and two double-storey factory units and multiple ancillary facilities built on the aforementioned industrial land. According to approved building plans, the total built-up area of the property is approximately 8,900 square meters. The property is freehold and currently leased to an independent third-party tenant at a monthly rent of RM 170,000 for a term of 3 years, expiring on August 2, 2025.