Acquiring Company
Shin Yang Group Bhd
Acquired Company
Forescom Plywood Sdn Bhd
Kuala LumpurSarawakTransportationSupply Chain ManagementLogisticsManufacturingDescription
Shin Yang Group Bhd is set to acquire an 8.316-hectare industrial site in Kuching for RM34 million. The acquisition is part of a related-party transaction with Forescom Plywood Sdn Bhd. This move will help reduce reliance on rentals and enhance Shin Yang's logistics business. The funding for this acquisition will come from bank financing and internal funds.
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Based on deal dataFrequently asked
Who acquired Forescom Plywood Sdn Bhd?
Forescom Plywood Sdn Bhd was acquired by Shin Yang Group Bhd, based in Kuala Lumpur. The deal was reported on September 4, 2026. Shin Yang Group Bhd is a shipping company that operates a fleet of up to 295 vessels across domestic and international waters. The company focuses on sustaining growth and enhancing long-term stakeholder value. Shin Yang Group Bhd is privately held and operates in Transportation.
When did Shin Yang Group Bhd acquire Forescom Plywood Sdn Bhd?
Shin Yang Group Bhd's acquisition of Forescom Plywood Sdn Bhd was reported on September 4, 2026. Shin Yang Group Bhd is set to acquire an 8.316-hectare industrial site in Kuching for RM34 million. The acquisition is part of a related-party transaction with Forescom Plywood Sdn Bhd. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Forescom Plywood Sdn Bhd do?
Forescom Plywood Sdn Bhd is a company that operates in the wood and plywood industry. It is ultimately held by Shin Yang Holdings Sdn Bhd, which is a significant shareholder in Shin Yang Group. It is privately held, operating in Manufacturing, and is based in Sarawak.
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