LB Aluminium proposing to acquire land, properties worth RM22mil
In a filing with Bursa Malaysia today, the company said the acquisition of the industrial land in Banting, Selangor, also includes an industrial complex comprising three adjoining single-storey detached factories, a double-storey office building, an open-sided single-storey factory, three open-sided stores and a guard house.
The company also inked a three-year tenancy agreement to rent the property out to Lucksoon Metal Works Sdn Bhd with a monthly rental of RM116,000 per month upon completion of the proposed acquisition.
"Lucksoon Metal Works Sdn Bhd is currently occupying the property to run a business of contractors and traders of metal works and metal products.
"The proposed acquisition will enable the group to establish an additional source of recurring income and benefit from potential capital appreciation of the property in the foreseeable future," it said.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
4 hours ago
- The Sun
Bintulu executive loses RM600k in fake currency investment scam
BINTULU: A company executive in his 60s was cheated out of RM600,000 after falling for a fake online currency investment scheme. The scam, advertised on a fraudulent website, lured the victim with promises of high returns before disappearing with his money. Sarawak Police Commissioner Datuk Mancha Ata revealed that the victim first encountered the scam in early March 2025. The fraudulent website, directed him to download a fake investment app via The scammer posed as a J.P. Morgan representative, convincing the victim to transfer over RM600,000 to several bank accounts. The victim only realised he had been deceived when the scammer demanded additional payments to release supposed profits. By the time he filed a police report, only RM441 had been recovered. Police urged the public to exercise caution with online investment offers. Authorities recommend verifying company backgrounds and using tools like Whoscall and Check Scammers CCID. The public can also check suspicious bank accounts and phone numbers via For updates on scam tactics, follow the Royal Malaysia Police Commercial Crime Investigation Department (JSJK) and @CyberCrimeAlertRMP on Facebook, Instagram, and TikTok. - Bernama
The Star
4 hours ago
- The Star
Taiwanese firm offers benefits for the broken-hearted
A COMPANY in Taiwan is offering a 'breakup support' policy to help staff cope with heartache. A social media user shared her surprise on Threads after her boss announced a NT10,000 (RM1,460) claim for employees experiencing breakups or divorces, reported Kwong Wah Yit Poh. This initiative came about during a company camping trip where several colleagues shared that they were dealing with breakups, creating an emotional scene. The unexpected twist came when the boss announced that the company will provide a breakup support of NT10,000. What initially seemed like a lighthearted remark soon turned into a formal policy, with the company officially announcing the 'breakup support' initiative, aimed at helping employees navigate emotional downturns. It said this policy acknowledges that relationship issues can impact not only emotions but also work performance and quality of life. The announcement has drawn attention and envy online. Some Internet users have praised the compassionate leadership, with some humorously questioning how they might qualify for such a benefit themselves.
The Sun
12 hours ago
- The Sun
Amberwood Resort Residences – new lifestyle address in Johor
JOHOR BAHRU: A new lifestyle destination has arrived in Johor with the launch of Amberwood Resort Residences, an exclusive development born from a strategic collaboration between PIJ Property Development Sdn Bhd (PIJ Property) and Fiamma Holdings Bhd (Fiamma), with Chin Hin Group Property Bhd (CHGP) appointed as the project manager. This partnership brings together local expertise, corporate strength and industry experience to deliver a resort-inspired living concept tailored for today's urban lifestyle. The Amberwood Resort Residences sales gallery is now open to the public, offering a first look at the thoughtfully crafted serviced apartments designed for a new generation seeking warmth, tranquillity and exclusivity in city living. Strategically located in Larkin, Johor Bahru, the 3.49-acre leasehold development comprises 824 serviced apartment units across two towers – 490 units in Tower A and 334 units in Tower B. Conceived as an urban oasis, the residences blend natural elements with private living environments. Units range from 1+1 to 3+1 bedrooms, with built-ups between 560 sq ft to 872 sq ft, and prices starting from RM390,000. Each unit is fitted with a smart home system, enabling residents to control lighting, air-conditioning, and security features for a seamless and secure living experience. Amberwood Resort Residences is a result of the strong synergy between three industry players. PIJ Property brings in-depth knowledge of Johor's development landscape and a deep understanding of local community aspirations. Fiamma contributes with its robust corporate capabilities and proven track record in property development. Meanwhile, CHGP as project manager, ensures that every aspect of execution and marketing aligns with the brand's high standards of quality and excellence. With its strategic location, comprehensive amenities, and thoughtfully designed resort-inspired living concept, Amberwood Resort Residences is poised to become one of Johor's most sought-after addresses.
