Tien Wah Press agrees to buy Malang land and buildings for IDR 150 billion

Bitget2026/10/01 09:47

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Tien Wah Press unit PT Bintang Pesona Jagat signed a binding agreement to buy a Malang factory site from PT Bentoel Prima.
Cash consideration set at IDR 150,000,000,000 for five land parcels totaling about 23,393 sq m with buildings.
Deal secures BPJ’s existing production base, avoiding relocation when its current lease ends; site sits opposite BAT’s factory.
Funding to come from internal funds, bank borrowings; OCBC NISP offered a 10-year IDR 120,000,000,000 term loan at 7.5% floating.
Completion targeted by Dec. 31, 2026; transaction size implies a 13.38% highest percentage ratio under Bursa rules.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tien Wah Press Holdings Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3711245) on October 01, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Tien Wah Press agrees to buy Malang land and buildings for IDR 150 billion

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