Dutch Lady Acquires Industrial Land For RM59.79 million

Dutch Lady Milk Industries Berhad (DLMI) enters into a conditional sales and purchase agreement (SPA) with Pelabuhan Hartanah Berhad (PHB) to acquire 32.59 acres of freehold industrial land in Bandar Baru Enstek, Negeri Sembilan.

PHB is a wholly-owned real estate investment holding company of Yayasan Amanah Hartanah Bumiputera.

The SPA is conditional upon DLMI obtaining approval from the Government, the DLMI shareholders and PHB obtaining the consent from the Negeri Sembilan state government to transfer the land accordingly.

The three parcels of land for the planned acquisition priced at RM59.79 million is within the technology park in Bandar Enstek (Techpark@Enstek).

Techpark@Enstek is also certified with the halal status by the Halal Industry Development Corporation and Jabatan Kemajuan Islam Malaysia (JAKIM).

The new land in Bandar Baru Enstek connected by excellent infrastructure and road linkages to all urban centres and ports, allows DLMI to expand their manufacturing activities to cater for the growing demand of their products and to ensure their consumers have access to our nutritious products.

This proposed acquisition is in line with the company’s long-term expansion plans in Malaysia as well as for future corporate earnings.

In a statement, Managing Directior of DLMI Tarang Gupta said that the company has strong confidence in Malaysia’s present and future economic outlook.

“Our long-term presence in Malaysia is reflective of the continuous economic achievements brought about by sound and consistent government policies.”

Tarang said that they hope to continue working hand-in-hand with the Government to help make a difference in the lives of Malaysians.

This strategic business move demonstrates DLMI’s continued commitment towards fulfilling its purpose of nourishing the nation and growing milk consumption in Malaysia.

Furthermore, this is in line with the Government’s National Health Agenda of achieving better health and nutritional status for Malaysians, especially the younger generation.

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