OSK Holdings Bhd's net profit climbed 50.89% year-on-year to RM116.41 million in the first quarter ended March 31, 2021 versus RM77.16 million, on the back of higher revenue mainly driven by its property as well as financial services and investment holding segments.
THE former Sinalco and Kickapoo Joy Juice bottling factory site in Petaling Jaya’s Section 13 is believed to have set a new record for industrial land transactions in the area following its sale to a Penang-based property developer.
Singapore-based National Aerated Water Co (KL) Sdn Bhd has disposed of the site to GSD Land (M) Sdn Bhd for RM46 million, according to sources. The deal works out to RM514 psf a new high for industrial land transactions (now zoned for mixed commercial) in the area. Real estate agents say the deal was agreed upon prior to the Covid-19 outbreak.
The bottling plant, which ceased operations over a decade ago, sits on 2.06 acres or 89,560 sq ft of leasehold land. Called Lot 54, it was put up for sale in late 2019 with 41 years remaining on the lease, now reduced to 39 years come April.