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WTK sells three Penang industrial leasehold land parcels for total cash consideration of RM 38 million

PUBT·09/30/2026 09:20:44
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WTK sells three Penang industrial leasehold land parcels for total cash consideration of RM 38 million
  • WTK Holdings’ unit Loytape Industries agreed to sell three industrial leasehold properties in Seberang Perai Tengah, Penang for RM 38 million cash.
  • Buyer NationGate System to pay RM 3.8 million deposit on signing, remaining RM 34.2 million on completion.
  • Deal implies a 15.50% premium to RM 32.9 million valuation; net carrying amount was about RM 4.95 million at Dec. 31, 2025.
  • WTK expects estimated net pro forma gain of RM 30.46 million, including estimated real property gains tax of RM 2.58 million.
  • Proceeds earmarked mainly for working capital; completion targeted for Q2 2027, subject to consent approvals.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. WTK Holdings Berhad published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3710463) on September 30, 2026, and is solely responsible for the information contained therein.