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KUALA LUMPUR (Jan 31): Bakery product maker and retailer SDS Group Bhd (KL:SDS) is buying a 14.3-hectare (35.4 acre) land in Johor Bahru for RM101.7 million to build a new manufacturing facility.
The property is directly opposite its existing operational facilities, the group said in a bourse filing on Friday.
SDS's unit, London Bakery Sdn Bhd, is acquiring the land from Kempas Green Development Sdn Bhd, a firm majority-owned by Toh Thim Leong.
The RM101.7 million price tag is a slight discount to the property’s market value of RM102 million as appraised by independent valuer Cheston International (Johor) Sdn Bhd on Dec 31, 2025.
The land buy is subject to shareholders’ approval at an extraordinary general meeting to be convened later, said SDS.
The group anticipates completing the purchase in the second half of 2026.
Shares in SDS Group ended 1.5 sen or 2.26% lower at 68 sen, valuing the group at RM368.63 million.
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