UMS Holdings acquires industrial land in Penang for RM15.2 mil

By Nur Hikmah Md Ali
/ EdgeProp Singapore |
Singapore-listed UMS Holdings has acquired 2.18ha industrial land in Penang Science Park North, Malaysia (Photo: Albert Chua/The Edge Singapore)
Join our  Telegram  channel and follow our  Facebook  for the latest update.
Singapore-listed UMS Holdings has acquired industrial land in Penang Science Park North, Malaysia. The group announced on July 1 that its wholly owned subsidiary, Ultimate Manufacturing Solutions, had invested RM15.23 million, or about $4.5 million, in the plot.
The 60-year leasehold industrial land spans 5.38 acres (2.18ha), or about 235,000 sq ft. It is strategically located between two industrial parks, Perai Industrial Area and Batu Kawan Industrial Park.
The latest acquisition brings the group’s portfolio to more than 1.2 million sq ft of combined space in Singapore and Malaysia.
Advertisement
Andy Luong, UMS Holdings’ chairman and CEO, says that the land is located next to the group’s factory in Penang and will be used to expand operations. UMS Holdings specialises in the manufacturing of semiconductor components.
Check out the latest listings for Industrial Real Estate properties

Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
EdgeProp Telegram
EdgeProp Facebook
Subscribe to our newsletter

Our Site

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

View More