MyNews Holdings to Acquire RM24.7 Million Industrial Land in Rawang for New Distribution Centre Expansion
MyNews Holdings Bhd is set to strengthen its logistics and supply chain capabilities through a proposed acquisition of a 13.5-acre leasehold industrial land in Rawang, Selangor, valued at RM24.7 million.
In a filing with Bursa Malaysia, the convenience retail operator said the proposed acquisition from Thung Hing Metal Industry Sdn Bhd represents a strategic investment that supports the group’s long-term operational expansion plans.
The company said the acquisition is primarily aimed at facilitating the development of a new distribution centre to support its growing business needs. MyNews’ existing distribution centre is currently operating at constrained capacity, limiting its ability to accommodate future expansion and increasing operational requirements.
By securing the new industrial site, MyNews will be able to proceed with the construction of a larger and more efficient distribution facility, which is expected to improve its supply chain management, enhance operational flexibility and support the continued growth of its nationwide convenience retail network.
The group highlighted that acquiring the land at this stage would also allow it to mitigate potential challenges arising from rising property prices and the limited availability of suitable industrial sites in strategic locations.
The proposed new distribution centre is expected to provide additional capacity for inventory management, logistics coordination and distribution activities, enabling MyNews to better serve its expanding store network while improving overall efficiency across its operations.
The Rawang location is also expected to offer strategic advantages due to its connectivity and accessibility to key industrial and commercial areas within the Klang Valley, further supporting the company’s distribution and logistics requirements.
MyNews said the proposed acquisition aligns with its broader strategy of investing in infrastructure and capabilities that will strengthen its business resilience and position the group for sustainable long-term growth.
