Tuesday, 16 November 2010

Tong Herr unit buys land in Thailand

Tong Herr unit buys land in Thailand
Published: 2010/11/16

TONG Herr Resources Bhd's (5010) subsidiary, Tong Heer Fasteners (Thailand) Co Ltd, has entered into a sale and purchase agreement with Pinthong Industrial Park Co Ltd to acquire a piece of land measuring 120,429 sq m in Pinthong Industrial Estate, Thailand, for 173.1 million baht or RM18.1 million.

In a filing to Bursa Malaysia yesterday, it said the acquisition is to meet the group's plan for expansion of its manufacturing facilities.

Tong Heer Fasteners is a 50.01 per cent-owned subsidiary of Tong Herr Resources.

Incorporated in Thailand, the company's principal activity is manufacture and sale of stainless steel fasteners including bolts, screws and all other threaded items. - Bernama

Read more: Tong Herr unit buys land in Thailand http://www.btimes.com.my/Current_News/BTIMES/articles/tongherr15/Article/#ixzz15OeL6PUF

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