Leader Steel Offered RM136 Million For Industrial Land
Leader Steel Holdings Berhad (LSH) has announced the proposed disposal of a significant industrial land asset in Kapar, Selangor, for a cash consideration of RM136.56 million.
The transaction, carried out through its wholly-owned subsidiary FerroNet Asia Sdn Bhd, involves a parcel of freehold land measuring approximately 1.44 million square feet.
The property is located in the industrial hub of Mukim Kapar, Klang, a region seeing high demand for logistics and manufacturing space. The buyer is WG Malaysia VIII Sdn Bhd, the same entity that earlier today was named as the purchaser of a separate, larger land parcel from Eonmetall Group Berhad.
The deal is officially classified as a Related Party Transaction under Bursa Malaysia’s Main Market Listing Requirements, as certain directors and major shareholders of Leader Steel have interests in the transaction.
To protect the interests of minority shareholders, the Board has appointed DWA Advisory Sdn Bhd as the Independent Adviser.
This announcement marks the second major industrial land sale in Kapar involving WG Malaysia VIII Sdn Bhd on the same day. Combined with the Eonmetall transaction, the purchaser has committed over RM400 million toward land acquisitions in the Kapar area within a single 24-hour window, signaling a massive play in the Selangor industrial property market.
