Titijaya Land agrees to sell Penang Logistics Hub 5 to Pelaburan Hartanah for RM 300 million

Bitget2026/10/28 10:13

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Titijaya Land agreed on Oct. 28, 2026, to sell Penang Logistics Hub 5 to Pelaburan Hartanah for approximately RM 300 million.
The three-story logistics complex in Bayan Lepas, Penang, spans approximately 300,726 square feet; DHL Properties (Malaysia)'s tenancy expires Oct. 14, 2034.
The sale is expected to generate approximately RM 143 million in net gains, equivalent to 10.9 sen per share.
Gearing is projected to decline to 0.06 times from 0.18 times; net proceeds will fund working capital, development and investments.
Completion is expected in the first half of 2027, subject to transfer approval, tenancy novation and final floor-area verification.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Titijaya Land Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3719722) on October 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Titijaya Land agrees to sell Penang Logistics Hub 5 to Pelaburan Hartanah for RM 300 million

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