KUALA LUMPUR – Sapura Industrial Bhd (KL: SAPIND) has confirmed the sale of its 35,332-square-metre freehold land in Seremban, Negeri Sembilan, for RM24.72 million cash, with the proceeds earmarked to support the company’s general working capital requirements and future operational expansion.
The divestment is expected to generate a net gain of RM6.7 million, reflecting a strategic decision to unlock value from land held as an investment for seven years. The sale was facilitated through Sapura Industrial’s wholly owned subsidiary, Sapura Machining Corporation Sdn Bhd, to buyers Lim Chee Cheng and Lim Chee Meng.
Sapura Industrial intends to utilise the proceeds to:
Strengthen working capital for ongoing operations.
Finance capital expenditure projects over the next 24 months.
Expand production lines to meet growing demand for automotive parts.
The board noted that the timing of the sale was optimal, aligning with market valuations and the company’s broader strategic goals. The land was last appraised at RM25 million by Raine & Horne International Zaki + Partners Sdn Bhd in November 2025, compared to the original purchase price of RM16.69 million.
Sapura Machining Corporation specialises in automotive parts manufacturing, serving clients such as Proton, Perodua, and Ford Philippines, reinforcing the company’s position in the regional automotive supply chain.
For investors and developers, the sale highlights the strong demand for industrial land in Negeri Sembilan, a trend mirrored across key growth corridors in Selangor, KL, and the Subang area. Companies looking to expand production or invest in factories in Puchong and surrounding industrial hubs can benefit from the active trading of freehold industrial plots and strategic land divestments like this.
Sapura Industrial’s shares closed unchanged at 78 sen, giving the company a market capitalisation of RM56.8 million, reflecting stable investor confidence amidst the strategic divestment.
Malaysia