PETALING JAYA: YX Precious Metals Bhd
(YXPM) is proposing to acquire a piece of land measuring 720 sq metres in Kuala Lumpur from XMA Realty Sdn Bhd for RM10mil.
In a filing with Bursa Malaysia, the gold jewellery manufacturer said the land has a four-storey factory erected on it.
“The proposed purchase forms part of YXPM Group’s on-going cost optimisation and business streamlining strategy.
“The proposed purchase would allow YXPM Group to re-organise its resources and focus on its core businesses.”
YXPM said the property is located in Projek Jaya Industrial Park, a mature light industrial park situated off the 5 1/2 mile Jalan Kelang Lama.
“This locality forms part of the well-established Jalan Kelang Lama industrial belt, an area long recognised for its concentration of small to medium-scale industrial and commercial activities.
“The inner-city positioning places the said property within a highly urbanised environment supported by dense surrounding residential and commercial developments.”