Mynews Acquires 13.5 Acres in Selangor for RM24.7 Million Distribution Hub

Rawang Land Deal Targets Capacity Pressures

Mynews Holdings Bhd has committed RM24.7 million to acquire 13.5 acres of leasehold industrial land in Rawang, Selangor, through its wholly owned subsidiary Mynews Retail Sdn Bhd. The convenience store operator disclosed the sale and purchase agreement with Thung Hing Metal Industry Sdn Bhd in a filing to Bursa Malaysia on July 22, positioning the move as essential to its medium and long-term operational plans.

The land, with a lease running until January 4, 2095, will host a new distribution centre designed to relieve strain on Mynews' existing logistics facility. According to the company, current operations are pushing capacity limits, leaving little room to accommodate the network's planned expansion.

Addressing Infrastructure Bottlenecks

Mynews' current distribution infrastructure is operating under constrained conditions, the company noted. Securing the Rawang site now allows the retailer to move forward with construction before land costs climb further or suitable industrial parcels become harder to find in the region.

The new distribution centre is expected to streamline supply chain operations, strengthen the company's fixed asset position, and provide the logistics backbone needed to support store rollout and volume growth over the coming years. For a convenience chain that depends on frequent, reliable replenishment across dozens of outlets, distribution efficiency directly impacts margin and service quality.

Financing and Valuation

The RM24.7 million purchase price was negotiated on a willing-buyer, willing-seller basis, with Mynews referencing publicly available transaction data and indicative asking prices for comparable industrial land in the surrounding area. The company will fund 15 per cent of the acquisition through internal resources, with the remaining 85 per cent financed via bank borrowings.

Mynews stated that the transaction will not alter its share capital or substantial shareholding structure. The company also does not expect the land purchase to materially affect earnings for the financial year ending October 31, 2026, as the asset is intended for long-term infrastructure rather than immediate revenue generation.

Timeline and Strategic Context

Barring unforeseen circumstances, Mynews expects to complete the acquisition within 12 months of signing the sale and purchase agreement. Construction timelines for the distribution centre have not been disclosed, though the company framed the land acquisition as a strategic investment to avoid future bottlenecks.

Malaysia's convenience retail sector has seen steady expansion in recent years, with operators competing to build density in urban and suburban markets. Distribution centres in strategically located industrial zones like Rawang, positioned along major transport corridors north of Kuala Lumpur, offer both cost efficiency and speed to market.

For Mynews, the Rawang site represents a proactive response to infrastructure constraints that could otherwise slow store network growth. The company's willingness to commit capital now, even as it leans on debt financing, signals confidence in sustained demand and the need to lock in logistics capacity ahead of competitors.

Regional Logistics and Retail Infrastructure

Across Southeast Asia, retail operators are increasingly investing in their own distribution and warehousing assets rather than relying solely on third-party logistics providers. Owning land and facilities offers greater control over throughput, inventory management, and cost structure, particularly as e-commerce and omnichannel strategies place new demands on supply chains.

Mynews' move mirrors similar infrastructure plays by regional retail and food service chains, which are building or expanding distribution hubs to support multi-format operations. In Malaysia, where urbanization and rising incomes continue to drive convenience store penetration, logistics capacity is becoming a competitive differentiator.

The Rawang acquisition positions Mynews to scale operations without the risk of outgrowing its distribution infrastructure. As the company rolls out new locations and potentially expands product categories or services, the new centre will provide the operational headroom needed to maintain service levels and manage costs.

With the land secured and financing arranged, Mynews is now focused on completing the transaction and advancing construction plans. The outcome will determine whether the company can translate logistics investment into sustained network growth and margin improvement in a competitive market.