Kingsmen unit buys Johor property

KINGSMEN Creatives, through its wholly owned subsidiary K-Fix Production Sdn Bhd, has inked a deal to buy a freehold property in Malaysia's Johor Baru for RM$35 million (S$13.9 million).

The property, located in the town of Senai, has a land area of 37,104 square metres and a built-in area of 14,690 square metres.

It is on the same plot of land that Kingsmen, a mainboard-listed communication design and production group, has been operating its Johor Baru production facility on a lease basis for the past few years.