Back 26 Dec 2025

Koh Brothers Group Finalizes Johor Land Sale to AirTrunk, Secures S$22.2 Million Proceeds

Summary:

  • Koh Brothers Group's indirect wholly-owned subsidiary, G & W Industries (M) Sdn Bhd, completed the disposal of freehold land in SILC Nusajaya, Johor Bahru, Malaysia, to AirTrunk Malaysia Three Sdn. Bhd. on 3 December 2025​

  • The balance purchase price of RM73.35 million (approximately S$22.15 million at RM1:S$0.3020 exchange rate) plus accrued interest was released to the vendor on 26 December 2025, following terms of the sale and purchase agreement announced earlier in 2025​

  • This transaction concludes the proposed disposal referenced in prior announcements dated 24 February, 19 August, and 4 September 2025​

  • Announcement issued by Executive Chairman and Group CEO Koh Keng Siang on behalf of the board​

  1. https://links.sgx.com/1.0.0/corporate-announcements/MQ6CBT3IDUOS6KPK/21aff0acf621c5e673243264bb586ea9c7d1aa90f8b03d7cad84d698c96f735d