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Thursday, 22 October 2026

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Tien Wah Secures Malang Industrial Site in RM34 Million Deal

Tien Wah has completed a 150 billion rupiah acquisition of industrial land and buildings in Malang through its 51%-owned Indonesian subsidiary.

By TLA AI Editor3 min read

Petaling Jaya, 22 October 2026 – Tien Wah Press Holdings Berhad has completed the acquisition of five parcels of industrial land and buildings in Malang, Indonesia, for 150 billion rupiah, equivalent to about RM34 million. Its 51%-owned indirect subsidiary, PT Bintang Pesona Jagat, completed the cash purchase from PT Bentoel Prima on 21 October after the parties satisfied the agreed conditions.

The transaction matters to Malaysian and regional investors because it gives the printing and packaging group control of a production site it already uses, reducing the disruption and capital risk associated with relocating operations. Completion of the acquisition is confirmed; any improvement in long-term efficiency or earnings will depend on utilisation, financing costs and demand from customers in Indonesia rather than on ownership alone.

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  • 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.