Sunzen Biotech acquires land in Klang for RM12m

KUALA LUMPUR (Feb 14): Sunzen Biotech Bhd has acquired a plot of industrial land in Klang from EA Dutas Sdn Bhd for RM12 million.

Sunzen said the land, approximately 4,047 square metres in size, housed a three-storey office and a single-storey factory building. 

“Currently, we are renting the property for RM300,000 per annum and utilising the three-storey office as the corporate office.

“Meanwhile, the single-storey factory, located behind the three-storey office, is currently utilised as our warehouse,” it said in a filing with Bursa Malaysia today.

Sunzen said purchasing the land would enable the company to save RM300,000 in rental payments a year.

“However, as we had obtained bank borrowings of RM10,000,000 for the property, there will be a term loan instalment of RM677,268 per annum for a tenure of twenty-five years,” it added.

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