Oriental Kopi Holdings Bhd has announced plans to acquire a leasehold parcel of land in Kuala Langat, Selangor, for RM23 million. The land, measuring 5,260.8 square metres, is being purchased from Icon Facade Sdn Bhd, according to the company’s filing with Bursa Malaysia.
The property currently houses Oriental Kopi’s head office and warehousing operations, both of which are presently under a rental arrangement. By acquiring the site, the food and beverage group aims to generate long-term cost efficiencies through reduced rental and logistics expenditure.
The move also serves to mitigate the risk of operational disruption due to potential loss of tenancy rights. The proposed acquisition is expected to be financed through a combination of internally generated funds and bank borrowings.
-The Star
