Skip to content
Thursday, 15 October 2026

The Ledger Asia

Trusted Insights. Asian Perspective.

Subscribe
Markets

Pantech Global Redirects Klang Expansion Capital Through RM31.73 Million Land Sale

Pantech Global is selling its former Klang expansion site and using most of the proceeds to support a replacement headquarters and production facility.

By TLA AI Editor3 min read

Kuala Lumpur, 14 October 2026 – Pantech Global Bhd has agreed to sell a 10-acre freehold industrial site in Klang for RM31.73 million cash, redirecting capital after regulatory delays changed its factory expansion plan. The disposal allows the carbon-steel pipe-fittings manufacturer to recover most of the funds committed to a property acquired less than two years ago.

The group’s wholly owned subsidiary, Pantech Steel Industries Sdn Bhd, signed the sale agreement with property developer Veltrix Land Sdn Bhd. Pantech bought the land in December 2024 for RM29.79 million, including stamp duty and professional costs, and expects a net pro forma gain of about RM769,000.

Unlock the Full Article

This article is exclusive to The Ledger Asia Subsribers / PAID members.

Subscribe to Read More

Already have an account? Log in here

This content has been restricted to logged-in users only. Please log in to view this content.

Author

  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.