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Article: Hai-O buying land in Klang for new facilities
- Article from:
- New Straits Times
- Article date:
- December 22, 2007
- Author:
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Zuraimi Abdullah
New Straits Times
12-22-2007
Hai-O buying land in Klang for new facilities
Byline: Zuraimi Abdullah
Edition: Main/Lifestyle
Section: Business Times
Type: Company
HAI-O Enterprise Bhd, a wholesaler and retailer of Chinese herbs and medicine, is spending RM50 million to buy a plot of land and build new facilities in Kapar, Selangor.
The company will pay RM45 million to Bata (Malaysia) Sdn Bhd for a 11.2ha site, and spend another RM5 million to set up a new factory and a warehouse there, senior officials said.
It has yet to finalise the building plan and manufacturing output, they added.
Managing director and chief executive officer Tan Kai Hee said the company would use its ...