Tiong Nam to sublease land for RM52m

TIONG Nam Logistics Holdings Bhd has accepted a conditional offer to enter into a long term sublease rental with Port of Tanjung Pelepas to sublease four hectares of land for RM52 million.The move is to further expand the group’s total logistics activities in the area.

(New Straits Times 6-3-2008)

Tiong Nam Buying Land From UEM Land

Tiong Nam Logistics Holdings Bhd said its wholly-owned unit, Tiong Nam Logistics Sdn Bhd (TNL), is buying a 7.7 ha in Nusajaya, Johor, from UEM Land Sdn Bhd for RM17.7 million. The land is located in the southern industrial and logistics clusters in Nusajaya.

(3-1-2008, New Straits Times)