PETALING JAYA: Tien Wah Press Holdings Bhd
(TWPH), through its indirect 51%-owned subsidiary PT Bintang Pesona Jagat, has completed the acquisition of five parcels of land measuring approximately 23,393 sq m in total, together with the buildings erected on them, in Malang, Indonesia, for 150 billion rupiah (RM34mil), cash.
In a filing with Bursa Malaysia, TWPH said the acquisition was completed on Oct 21, following the fulfilment of all conditions precedent under the binding sale and purchase agreement and the execution of five sale and purchase agreements with PT Bentoel Prima.
“The board further wishes to announce that completion of the proposed acquisition took place on Oct 21, 2026 upon the execution of the SPAs and satisfaction of the relevant completion arrangements between the parties,” said the firm.
For its second quarter ended June 30, 2026, TWPH reported a net profit of RM638,000 on revenue of RM61.88mil.
