Venture Corporation completes acquisition of Malaysian properties

Properties span a combined 1.88 hectares.

Venture Corporation announced that its subsidiaries have completed the acquisition of properties in Malaysia.

Munivac Sdn. Bhd. has acquired for four pieces of adjoining freehold industrial land together with detached factories erected thereon and known as No. 49, 51, 53 & 55, Jalan Riang 21, Kawasan Perindustrian Taman Gembira, 81200 Johor Bahru, Johor, Malaysia with an aggregate area of approximately 138,589 square feet (1.2875 hectares), held under HS(D) 6220-6223 LOT 4020-4023 Mukim Tebrau, District of Johor Bahru, for the aggregate sum of RM22.95 million.

Meanwhile, GES Manufacturing Services (M) Sdn Bhd has acquired a parcel of leasehold land together with a factory building erected thereon with an area of approximately 0.4978 hectares, held under HS(D) 45801 PTD 8824 in the Mukim of Senai, District of Kulaijaya, State of Johor Darul Takzim, Malaysia with a leasehold expiring on 10 February 2052, for RM4.20 million.