KUALA LUMPUR (Nov 4): S&F Capital Bhd (previously known as Leweko Resources Bhd) is acquiring 9.44 acres of land near Kulim Hi-Tech Park (KHTP) in Kedah for RM7.4 million.

The group said its 55%-owned subsidiary is buying the freehold land in Tempat Naga Lilit from Balkhis Othman and Siti Hawa Othman.

“The land has an upside potential in terms of capital appreciation as it is strategically located in the Kulim area and is only 3km away from KHTP, a mega international industrial scheme that is expanding rapidly.

“In addition, there are multiple housing estates sited about 4km from the land which includes housing estates such as Taman Lagenda, Taman Mahsuri and Taman Ria,” said the group, adding that the land acquisition is for investment and future property development activities.

S&F Capital’s share price was unchanged at 7.5 sen on Friday (Nov 4), giving the group a market capitalisation of RM41 million.

Source: EdgeProp, 5 November 2022